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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (24629)	6/28/2000 10:14:00 AM
From: donald sew	Respond to of 42787

Not that I watch too many stocks, but I feel it necessary to mention QCOM which has been in a severe downtrend and continues in that direction. I mention QCOM in reference to the overall market since it is a sign/confirmation that the market is taking down the high-flyers. I did get a CLASS 1 BUY signal on QCOM at the open when QCOM broke slightly below 60. QCOM needs to break above 75 to give a hint that the bottom may be in, otherwise LOWER HIGHS continue, which aint good. With todays bounce off of 60, some may interpret that as a good sign. It could be a DESCENDING TRIANGLE as long as LOWER HIGHs continue. If it is a DESCENDING TRIANGLE - that implies that eventually QCOM could break below 60