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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Suresh who wrote (28309)9/19/2000 1:36:53 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70595
 
Suresh,

QCOM has cross the 100 day SMA intra-day so that is bound to attract some more buying interest.

It looks like there were a lot of buyers at 60 on the 6 month chart.

cnetinvestor.com

See an money flow break out on the 3 month cahrt.

cnetinvestor.com

As the market usually discounts out 9 months, I think the beginning of the deploy of 3G is starting to get priced in.

I expect resistance at 77 though.

207.61.23.98

Are the conditions still in place to be shorting NEWP into strength. It has been rather re-silence in face of this sell off and the negative press coming out about opticals.

RTS posted about ASYS. It is also a optical manufacturing equipment supplier. It is less pricey than NEWP. I did not have time to finish looking at it properly.



To: Suresh who wrote (28309)9/19/2000 1:59:06 PM
From: xcr600  Respond to of 70595
 
China vote today may be adding some momentum to the move in QCOM.



To: Suresh who wrote (28309)9/19/2000 3:23:06 PM
From: shasta23  Read Replies (1) | Respond to of 70595
 
Suresh!

Looks almost like panic buying here on the NAZ. Your target is reached now...my shorting fingers are itching but the way the NAZ is powering up ward makes me cautious. I'm also often too early and will therefore wait. Interestingly enough that the positions(SNDK,puma) i sold this morning are still under sell levels despite the rock and roll. It's the old small group of high fliers pulling the pig out of the mud today.

Stefan