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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: James C. Mc Gowan who wrote (29481)	4/20/2000 11:30:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 63513

Hi James, You are thinking along the right lines for sure. A sell signal is something we always have to pay attention to as it indicates the stock is not only under performing the market but under performing its past performance. I'm trying to pull up the chart so I can be more precise but my laptop sucks and keeps disconnecting. OK, got it. Yes, this is the very first RS sell signal for QCOM. The DWA RS (how it compares to its peers) is also in O's with a close possibility of a sell signal. This means it is under performing the market, itself and its peers. All this doesn't mean QCOM can't gain ground or move up but looking at the trend chart it broke a huge base of support - not too surprising in itself considering the market event that created the break - but combined with the RS it is ominous. I wouldn't be buying QCOM for long term investment here. For trading QCOM I'd wait for some consolidation and pattern breaks that I knew could produce a nice move to the upside. If one owned QCOM I'd watch the trend chart carefully and not give it to much room to create trouble. There are ways of protecting, as I'm sure you know, long term positions. If the RS were to turn positive it would be a good sign for trading QCOM but still be on a sell signals would put it in a gray area. Did all that make sense? Jan I am