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To: abuelita who wrote (25870)	7/18/2000 9:11:37 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 35685

QCOM broke convincingly the downtrend pattern since April Q has been steadily honoring the down channel established every time it rose and gave hope, the channel boundary repelled I got whacked every time that happened this spring last week the downchannel was broken Q shot up to 70 on strong volume, breaking it without question but in doing so, the daily stochastic indicator got wicked overbought it showed a huge 90 level overbought usually an 80 level marks the end of the upcycle I wouldnt expect Q to drop too much here on today's bad momentum I wouldnt be surprised to see a short downcycle here / Jim