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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (10464)5/19/2000 5:33:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 13582
 
on QCOM, I see 90 then 85 then 80 as support
support at 90 could actually be better than first glance
but it could grind and grind for 4-6 weeks
I see a seasonal turning point at July4th holiday
obstacles: school emptying in midJune, and FedMeeting June28th

we are now finding support exactly where we did just before Thanksgiving at presplit 340-360
upside resistance seems to be the 18day MovAvg at 105
in the next week, this 18MA will rise if we return to 100

the Fed will want to end its dirty business before midsummer

this sucks, paring down, saving equity
the market needs a catalyst
a long hot dreary summer is upon us imminently
/ jim