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

To: edamo who wrote (76329)	7/12/2000 9:01:27 AM
From: AllansAlias	Read Replies (1) \| Respond to of 152472

There is no question in my mind that the YHOO earnings was met with a huge sigh of relief from all the tech bulls. The Internuts have come under great pressure recently with some of the important pure plays giving back hard. YHOO is the leader of this bunch and averted a major breakdown (the chart was primed) with their numbers. If we get some good bounce from QCOM it will be interesting to see how it handles the 57.50 to 58.25 area. Two or three points of resistance in that area. --------- Just to change gears a little, may I ask why folks would try to catch this falling knife? I mean, it strikes me for the few points that you might gain by catching the low, the risk is way too high. Why not just wait on the sidelines for a few strong days that overcome some technical obstacles? This would have the added benefit of providing a technical floor for your new position. --Allan