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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (34656)	11/2/2000 5:11:56 PM
From: adcpres	Read Replies (1) \| Respond to of 42787

Paul, QCOM trading up about 6 points -- Penny above expectations may give some boost on the open but not a major refueling for the rocket. What do you think about this concerning the COMP? Look at the daily chart for the last year. We had a double top formed in March with a sharp break down in April. Then there was a HS formed on the way further down with the head at the beginning of May and this pattern was followed by more downside where it bottomed in the third week of May. Now we get another double top formed on the way up in mid July and end of August with another break down from Sept to mid Oct. Here we are with another HS pattern emerging(on the way down?) in Oct. with us speculating the future. Am I all wet seeing doom and gloom, or does this not have any significance? Is there any historical comparison that can be made? Sometimes we see what we want and our biases get in the way. AM I biased to the negative here? What do you think? Can you find a bullish interpretation? GH

To: Paul Shread who wrote (34656)	11/2/2000 6:20:43 PM
From: Galirayo	Read Replies (1) \| Respond to of 42787

COMPQ .. looks good to me. Found resistance on the 34dma and is a Spinning Top Continuation pattern because of the resistance. Next step up would be thru 34 - 35 dma. Slightly below 3500 .. Is the SAR Buy Signal it may rest when it hits this area and Triggers to let the Dow lead again. RSI near 50 today .. upward moving MACD .. above the zero line & has lots of room to move up Slow Sto has recently triggered .. fast line near 50. More Up Room there. 10 Day MF positive. 20 Day MF Following. Stoch RSI has not topped the 1st time yet. I like it. I mentioned that I wanted to see it reverse the SAR Sell trigger of last week ... it may do just that. Let's get thru the 34 dma 1st. Ray