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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: STYK who wrote (1507)	2/3/2000 7:55:00 AM
From: Allan Harris	Read Replies (1) \| Respond to of 1551

Could you give me a view of probable resistance for QCOM On the daily chart, QCOM looks to be completing a Wave 4 correction from it's January 3 high of 200. Using MOB and Ellipse tools, I have very short-term resistance in the low 150's and longer term MOB resistance around 190 and again around 220. On the hourly chart, very short term resistance comes in about 148 and again around 170. On this chart, I localized the EW count on the January high and used an Extension Oscillator. This shows a completed 5 waves down as of January 28 at 105 and an new five wave uptrend developing, initially targeting 190. A