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To: Ruffian who wrote (10986)4/4/2000 11:09:00 PM
From: Jim Willie CB  Respond to of 35685
 
TA on QCOM: Cup&Handle W-pattern signals huge upleg imminently
I now use the C&H pattern name (didnt before) since the "Handle" just now has been formed
after today, the Handle is completed in exaggerated and distorted style

Cup top level is 155-160
Cup bottom level is 120-125 (ignore the 110 emotional low)
that is 35 pts of potential high-octane momentum power
the Handle formed this week
it dealt with 160 with a rebuff, as foretold by the Jackass
it recovered as the old Feb/March ceiling of 145-147 held
(TA101: old ceiling becomes new floor)
the Handle enables indecision to be resolved orderly

next target: 190-195
timeframe: something like late May, early June
this will require news
plenty of potential news in addition to the upcoming earnings announcement

sorry, RuffDog, just an edited rehash of Sunday's writeup
it still applies

/ JW