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


To: PGH1037 who wrote (91578)1/10/2001 11:08:44 PM
From: Caxton Rhodes  Respond to of 152472
 
Agreed, the volume patterns do not match a typical H&S reversal. BWDIK. The only thing I can see is possibly a falling wedge. Per my Murphy textbook, "at bottoms, a falling wedge would be a tip-off of a possible end of a bear trend."

Caution, I have no idea what I am doing.

Caxton



To: PGH1037 who wrote (91578)1/10/2001 11:45:04 PM
From: Ibexx  Read Replies (1) | Respond to of 152472
 
The current market is largely events & rumors driven. TA is even less useful than usual.

JMHO,
Ibexx



To: PGH1037 who wrote (91578)1/11/2001 1:29:46 AM
From: FNS  Read Replies (1) | Respond to of 152472
 
<<I would love for Qcom to go to 62 - 63. I would be a big buyer in that range if I could contain myself from not pulling the trigger to soon. >>

Hows about 61!!! Q just broke several bottoms...bearish triangle now pointing downward. I do hope this is a negative head fake and will move up rather than down...a move to 77 would be encouraging, but Q is still in one big downtrend...and I'm still long! Married it many moons ago! and still hoping for better days to come. LOL!

fns



To: PGH1037 who wrote (91578)1/11/2001 10:17:50 AM
From: Labrador  Read Replies (1) | Respond to of 152472
 
>>I would love for Qcom to go to 62 - 63. I would be a big buyer in that range if I could contain myself from not pulling the trigger to soon. <<

Why don't you make some money and write naked 65 puts -- that should give you a net $62-63 if you're forced to buy. And you'd be making money if Q doesn't hit your mark.