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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (26281)12/20/2000 1:38:33 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
rough TA on QCOM: head & shoulder bear signal

head top 105
shoulder 90
neck 80
target 55

action between the neck and shoulder was textbook
the neckline broke today, now playing around 76
any move toward 80 will unleash an avalanche
25 pt potential from neck to head top
25 pt loss from neckline targets 55

still perceived as a high PE stock
/ jim


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