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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (75973)	7/9/2000 10:02:59 AM
From: HairBall	Read Replies (3) \| Respond to of 152472

marginmike and All: I first posted on this thread last year when I began to see QCOM topping out. I was not a very popular contributor to this thread at the time, to put it mildly. I even had to shut off my Pmail on SI. As many of you know some die-hard cheerleaders intent on driving off those not bullish populate this thread. It became so bad I decided to not post on this thread again. However in spite of those die-hard posters, there are some nice folks that post here as well. Since I made it a point to come over and reveal my short positions in QCOM, I decided it would only be fair to post a chart of QCOM now that I think it may be close to ending its initial decline. Qualcomm - Coming Into Buy Range My QChart QCOM (Qualcomm Inc.) Daily Semi-log Chart I believe the Q is close to finding its bottom, in the neighborhood where I said it would months ago. See my notes on the chart. However, if QCOM breaks below the Oct 98 Rising Support Line, not just penetrates it, (or if the market tanks) all bets are off. marketdirectionanalysis.homestead.com Note: Always use stop loss points with any trade or investment, commissions are just to cheap not to. ------------------------------------------------- My QChart Trend Lines My charts are screen captured at (1024 x 768) and are best viewed at that resolution. Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines (SRLs) are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations, but on occasion are used to depict longer-term formations as well. Note: Some of the trend lines that appear on my charts may have been establish by one or more price action points not shown in the current view or snapshot. ------------------------------------------------- Regards, LG