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To: marginmike who wrote (6762)	7/10/2001 9:16:38 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Very ugly stick on QCOM today -- nearly a perfect BEARISH ENGULFING. You care?

To: marginmike who wrote (6762)	7/10/2001 9:59:12 PM
From: John Madarasz	Respond to of 209892

They've been doing amazingly well of late, but I think you're right Mike. The 14th, 15th, and 19th of June were all big distribution days w/ volume at, or well above, the 60 day avg. of 1.785 billion shares. Now we have July 5,6,10 as distribution days. On all these days the COMPX closed lower than the previous session on higher volume... distribution. stockcharts.com[h,a]daclnimy[d20010601,20010710][pf][vc60][iUb14!Ua8,17,9] Today was the first day that the index actually closed lower than the first five days of distribution... there's still no real pain here for longs... Yet. Most of the "new bulls"<gg> bought, and are still buying at or near these levels in the COMPX. The current small H/S, still in play, measures to 1828.