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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Craig Lacy who wrote (16650)	5/25/2001 4:10:15 PM
From: Zeev Hed	Respond to of 30051

Well, QCOM is smack against that "support in the $66.5 to $67. I am going to watch it a little after hours , maybe there might be few sales available, and i will try and sneak in just under $67 or so. A stop loss at $65.80 should not be "too painful". The fact that 2250 is still serving as "support" is good, the fact that we closed smack on it means there is not much buying enthusiasm to hold it above that level, once breached, a rapid test of 2095 will ensue, IMTO, and I am betting that this may happen next week. As you can guess, apart of the "memorial day" gambit", I am in my bear garb. Zeev