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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: pls418 who wrote (17488)	11/3/2002 8:57:56 AM
From: chowder	Read Replies (1) \| Respond to of 23153

Steve, the charts indicate we may see another day or two where the price rises for QCOM. All of the short term trends are up and look like they are confirming higher prices. However, I do see danger in the chart, looking out about 3 days or more. This recent rise has been too quick and QCOM may need to back and fill this last up leg. It looks like it will need to build its base a little more. The weekly chart is indicating we may see QCOM fall back later this week. I see a hanging man pattern, which is bearish, and QCOM is meeting resistance here. I would expect some profit taking in the next day or two. I do expect to see it jump at the open on Monday and possibly trade higher. Depending on the size of your position and the price you paid, it may be prudent to lock some profits in after the first hour of trading on Monday. If you don't wish to do that, then provided QCOM gaps at the open, as I expect it to do, then set a stop loss at Friday's closing price. This will ensure you keep your profits, while at the same time participating in whatever upside is left before QCOM pulls back. stockcharts.com[h,a]waclyiay[pb50!b200!b10!f][vc60][iut!Lh14,3!La5,17,9]&pref=G All in my opinion of course. dabum