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

To: waverider who wrote (76133)	7/10/2000 3:30:29 PM
From: ggamer	Read Replies (1) \| Respond to of 152472

Buddy, With all due respect, now you are forecasting the future just like the people you did not like when they were making predictions. Being partially out of the stock shouldn't open you to these kinds of statements. Please be sensitive to other long term holders who already have missed the comfortable zone of living, who are working for living, and who are suffering from this carnage. Good luck to everyone, QCOM, Is the Toll Gate to 3G (if you look beyond FUD)

To: waverider who wrote (76133)	7/10/2000 3:36:55 PM
From: AllansAlias	Read Replies (1) \| Respond to of 152472

Diamond H, I have not seen LG's chart, but I make the next support in the $49 area. It's horizontal support from Aug->Oct/99 timeframe. The measured move on the current pattern breakdown, if it completes, would take it to this area at least. There remains some rising trendline support dating back to late 1998, but it is not a strong trendline. It's currently in the mid-$40's area and rising. BWTHDIK. --Allan

To: waverider who wrote (76133)	7/10/2000 5:26:49 PM
From: HairBall	Respond to of 152472

Diamond H. and All: I saw a post on another thread, I think it was referring to my QCOM chart...being to complicated to understand. At least I think it was referring to my chart. I apologize if the charts I post are not easy to comprehend for those not particularly well versed in technical analysis. I upload the same charts I use to trade and or invest with. I do not have time or the inclination to take the time to make special simplified charts to upload. I have written a few paragraphs on my web site (you can find a link in my profile) on how to better understand my charts, but it is likely of little help if you know little about TA. In the thread header for the MDD thread you will find links to help you out. (A link to the MDD thread can be found in my profile as well.) Now having said that, below you will find some commentary and a link to a revision of the chart I posted on this thread over the weekend. My QChart QCOM (Qualcomm Inc) Daily Semi-log Chart The support resistance trend lines and or support/resistance horizontal price action areas are not chiseled in stone, but are areas to watch for support and or resistance. I use them in conjunction with real time technical indicators to help me decide if I am going to take action when the price action nears one. My charts are busy as I use them to daytrade... Falling support lines often give softer support than a rising support line. As mentioned in my posts last January on this thread and the MDD thread, I believe the Oct 98 Rising Resistance Line will prove to be final support for this initial downturn. However, price action could firm up before it reaches the Oct 98 Rising Support Line...like I said nothing is in stone. You should note that in the 45/47 price area several supportive trend lines and price action areas come together, this "should" prove strong support. If the Oct 98 Rising Support Line fails (due to unexpected bad news or an overall market tank or what ever...<g>), the prospect for QCOM’s price to further erode becomes much greater. marketdirectionanalysis.homestead.com ------------------------------------------------- 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. ------------------------------------------------- This will likely be my last post regarding QCOM for a while as I am taking some time away from SI. Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.