The problem with a market like this week, it can often become a set up for a very ugly Monday, taking the October lows out. That should impact QCOM and probably may get it back to the $67.5 to $68.5. You never know (at least I don't) that is why I took the first position in when they gave me the bucker and a half discount (I also thought that some short covering would occur toward the close, but the bears are fearless...). QCOM is now in danger of forming a double top, and if the $65/$67 area does not hold on a retrench, that could very well be it for some time, such a failure could bring to a rapid decline the the $61/2 area, and even all the way to the old support at $55/6. So be careful playing that one.
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