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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (74017)	4/3/2001 4:32:46 PM
From: High-Tech East	Read Replies (1) \| Respond to of 99985

bobby ... it is about time for the 'buy-an-hold' 401K and other mutual fund owners to bail-out on this market ... as Elvis said, 'that's when the heartache begins, baby' ... let's see, Q1 ended last Friday, so quarterly statements should be out soon ... say by Friday, the 13th (also Good Friday for Christians) ... good day for a total collapse - don't you think ... I am feeling better about those S&P puts I bought on March 22 ... Ken

To: bobby beara who wrote (74017)	4/3/2001 4:41:13 PM
From: waverider	Read Replies (3) \| Respond to of 99985

QCOM broke through it's previous low today. Worse, it ended within a hair of the low for the day. I see no reason now why it will not test the next support at 39.50. If that does not hold, then next stop would be 35.50. I suspect that will not hold. My new target for QCOM is $25. We have an unfilled gap between 24.75 to 25.25 created on 6/3/99. The downtrend appears to be saying it will be filled. It will be interesting to see what happens over the next few weeks with the earnings warnings, etc. There are quite a few stocks that are holding up nicely and I suspect they will be the new leaders. Some in the energy sector like CPN, DUK, EGN. Also some health related things and some companies with land based portfolios are doing well. <H>