Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (30504)	2/16/2002 1:10:59 AM
From: ajtj99	Respond to of 99280

I agree, jj. I'm thinking of joining you. I'm going to check the chart out closely this weekend. I think the last time I looked at it the first real support under $35 was at $25, but I don't remember for sure.

To: jjstingray who wrote (30504)	2/16/2002 1:41:35 AM
From: ajtj99	Read Replies (2) \| Respond to of 99280

jj, from the daily chart, it appears QCOM has a H&S that measures to 30, with the neckline starting at the mid-Oct. lows and running straight across. I could be wrong, as I'm not real good about measuring or identifying H&S formations. There is a falling support line that lines up with 30 next Friday. Maybe that's an intermediate target for QCOM. There is another less agressive support line extending from the Jan. pivot high that stopped the slide today. Either way, QCOM will have great difficulty getting above 41 Tuesday, as that is where the falling resistance line is at. It's a short any way you look at it right now, with an agressive falling channel.