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To: r.edwards who wrote (4991)2/24/2000 11:49:00 PM
From: Dealer  Read Replies (1) | Respond to of 35685
 
Sometimes you have to cheat to get what you want (eom)



To: r.edwards who wrote (4991)2/25/2000 1:06:00 AM
From: Jim Willie CB  Respond to of 35685
 
TA on ELON: waking up from hibernation
this chart resembles a time compression of QCOM's late autumn last year, and a replica of QCOM's winter to date

it lost a clear 1/2 of its run from 10 to 55
the retest of 33 low did not reach that low
the 18day MA and 30day MA held up nicely
the volume has picked up, but only for one day so far
could be seeing a MACD crossover (proper alignment of MA's)
obvious daily stochastic crossover (closing toward highs)

sound familiar? it should, check QCOM versus ELON

strange breakout pattern, not resembling Elliott Wave
it had 5 step rise with only pauses without correction up to 55
the correction was standard in 2 steps, with large first one
the retest was more calm, seemingly with hotmoney gone
I gotta go with the uptrend channel at this point unless the story has deteriorated
moving averages are nicely aligned now, offering support
but money flow has not really improved much
if money flow surges, you could have another strong run
watch money flow

bear in mind, I couldnt even tell you whether these guys sell optic switches, porn software, or motorized cat toys

for what it is worth
/ Jimmy Sunshine State Chariot Maker