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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (7763)	4/13/2005 8:24:18 PM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Jill, Re: QCOM Look at the two year Linear Regression chart: 139.142.147.218 QCOM used to track the QQQQ so let’s compare the same chart for the QQQQ: 139.142.147.218 By comparison the QQQQ is near the lower channel line while on the other hand QCOM has already fallen through the lower channel line. Currently the QQQQ is in a general uptrend while QCOM gapped down and is now in a down trend. The six month QCOM chart: 139.142.147.218 The six month QQQQ chart: 139.142.147.218 Three month QCOM chart: (Look at this) 139.142.147.218 Three month QQQQ chart: 139.142.147.218 My point to you is that by comparison the QQQQ is more likely a much safer bet than a single stock, especially if you are trading options. As far as QCOM goes, it will find a bottom in the 30.00 to 31.00 area, IMO. Reid