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

To: kech who wrote (96893)	4/5/2001 10:19:33 AM
From: JohnG	Read Replies (1) \| Respond to of 152472

Weakness. Totice the gap up in Nov Dec 1999 with support at 50 and apx 45. Three factors hit simultaneously: 1) Naz drop 2) Perceived weakness of all telecom stocks due to Euro problems 3) China/US incident. Carried the price easily through the gap from 80 to 50 then through the support at 50 to support at 44 and almost broke through at 44. Technical shorters spotted the big gap at 50 to 80 and piled on big time. stockcharts.com[l,a]dbolnymy[de][pb50!b200!d20,2!b13!f][vc60][iUc20!Ua12,26,9!Lb14!Lf!Lg!Lj[$spx]]