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


To: jjstingray who wrote (53806)4/19/2002 7:15:41 PM
From: qwave  Read Replies (1) | Respond to of 99280
 
I see double top and you see head a shoulders. Actually I hope what you call a "left" shoulder is completed before earnings next week. I would like to either buy stock or call options with it in the low $30s.

-qwave



To: jjstingray who wrote (53806)4/19/2002 8:20:03 PM
From: mightylakers  Respond to of 99280
 
That 42.10 was right in the middle of the downtrend to be called as the left shoulder IMO.



To: jjstingray who wrote (53806)4/19/2002 10:26:30 PM
From: augieboo  Read Replies (1) | Respond to of 99280
 
JJ, I think I see the QCOM H&S -- the left shoulder is at 42.10, the head at 44.65, and the right shoulder is still forming, but peaked at 40.35.

Does this chart show what you mean?

stockcharts.com[w,a]dhclynay[db][pe20!b3!f]&pref=G

augie



To: jjstingray who wrote (53806)4/19/2002 11:24:18 PM
From: TraderXx  Respond to of 99280
 
er..don't think so..try again.Looks more like a pennant forming, whichever way it goes after the break..who knows.

TraderXx



To: jjstingray who wrote (53806)4/20/2002 12:50:22 AM
From: mightylakers  Respond to of 99280
 
Agh, what I meant to say is that 42.10 was right in the middle of the down trend, so I wouldn't call that as the left shoulder.

That was only a very short lived spike that I won't even call it a bounce.