SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (1081)6/1/2000 9:18:00 AM
From: Jill  Read Replies (1) | Respond to of 10876
 
69 premarket now. The ambiguity is so stunning, and market hates ambiguity. Why do you say low 80s? It's having a hard time breaking 70.



To: Poet who wrote (1081)6/1/2000 9:24:00 AM
From: Mark Z  Read Replies (2) | Respond to of 10876
 
Poet -

You follow the stock much more closely than I do but I don't see serious resistance until the high 90's; long term EMA + there was some basing there in April/May & it'll need to work through that as folks who bought there may exit if they can 'get out even'. There may also be some resistance at the downtrend line which now sits at around 90 and is falling about 1.25 pts per day. i.e. 90 today, 85 next week.



To: Poet who wrote (1081)6/1/2000 1:49:00 PM
From: Mark Z  Respond to of 10876
 
Here's another TA view on QCOM...

Message 13810365

He's looking at the bottom of a downtrending channel. I look at the top of a downtrending channel for resistance and the bottom of an uptrending channel for support.