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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (4577)	3/5/2006 8:44:08 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 218657

TA on QCOM The 45.40 level was extremely important last month. The stock managed to hold that level and advance, but the advance took the form of a struggle up. First the stock took 8 trading days to regain what it lost in five. Then it never crossed that level (48.88 from Feb 17th) again, creating what looks like a double top below the high. A pattern that could accelerate a down move. Then in the last two sessions it attacked that level again but closed down. A drop below 46.50 would be very bad now on the IT, and a close below 45.50 will close the lid. OTOH a decisive move over 48.80 (with a close over 48.60) will open scope for a new leg up. IMO odds are against that currently. ATG