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

To: Jon Koplik who wrote (30345)	5/19/1999 2:03:00 PM
From: epicure	Respond to of 152472

maybe, maybe not- but it isn't silly to sell- which is what I said. I did not guarantee a 100% success rate, but then I have very little hubris in the face of the market.

To: Jon Koplik who wrote (30345)	5/19/1999 7:46:00 PM
From: Jim Willie CB	Respond to of 152472

JonK, I love to hear the words "lognormal"... the guy is right though when a stall is evident either in terms of Relative Strength, or in our case, rising rates offering a hangover in morning after... been kicking my ass since Friday for not lightening the load at 118 when my timing advisor Richard Schmidt of "Stellar Stocks" called Thursday's market a "drunken celebration" and said sell portions theQ does not fare well on Friday/Mondays... my technical take shows a nice intraday bottom marked by uptilt in RSI (with 15-min interval units)... but big picture daily RSI looks a little weak... Q is not much weaker than the tech market I contend that technical analysis involves much more than simpleminded support lines... check out my April call of "a bump off 150 and a grind into 130's" when Q was 160-170... based solely on Elliott Wave guidelines for breakouts... I find the 3/8 retracement extremely common and plan to examine charts tonight again / jim willie