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


To: Caxton Rhodes who wrote (113863)2/21/2002 11:55:50 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 152472
 
well, you could be right, but keep in mind QCOM has doubled off interim bottoms several times already, only to break to new lows.



To: Caxton Rhodes who wrote (113863)2/21/2002 11:57:30 AM
From: waverider  Read Replies (2) | Respond to of 152472
 
Damn dude...what are you doing, sitting at your computer the last week!!!!???? Well, at least I give you credit for being on the ball.

Look, QCOM touched 34.59 during the week of 7/15/99 and 33.97 the week of 8/2/99. Those points are the only significant areas for some kind of support. It has a yawning canyon below there down to 21. Are you basing your decision on just the last few days action? Every singal indicator I follow is on a slippery slope downward. Candle formations are not the best in these kinds of situations if that is what you are following.

wr