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ajtj99

01/02/05 10:21 PM

#39231 RE: jjkirk #39096

HRT doesn't look real good on the daily anymore here, but it could just be completing a re-test of the recent low, which often involves a .618 re-trace off the move off a low.

HRT after another glance may be in the midst of an a-b-c-d-e triangle off a high. If so, it could have just compeleted the "c", with a lower high around 33.50 to follow and a low low at a gap fill around 16.50 next. We'll see:

http://stockcharts.com/def/servlet/SC.web?c=HRT,uu[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100!...

As for the INTC weekly inverse H&S pattern comments, I was questioning the validity of the formation (which looks real nice as a matter of fact) because the SOX has a more corrective looking pattern off the recent low. You would think the SOX and INTC would be in synch (no, not the boy band, they're on "my plane") if this were a real inverse H&S off the INTC lows. That's the reason for my skepticism on the INTC inverse H&S.

http://stockcharts.com/def/servlet/SC.web?c=intc,uu[h,a]waclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100...

As for QCOM, well, it's the anti-stock. If the major indices are pointed up, it's strange that QCOM will also ride along <G>

Anyway, the weekly QCOM chart shows a higher high made with negative divergences on several indicators. That makes the cup & handle pattern on the weekly a bit iffy, IMO, but if QCOM moves up strong, all is right with the pattern:

http://stockcharts.com/def/servlet/SC.web?c=qcom,uu[h,a]waclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100...

The monthly QCOM chart has had declining volume as the stock has climbed in recent months, which is not real bullish either.

As for the stomach pains, they were indeed from the motrin, as they were on an empty stomach. I'm too old and inactive now to handle that much pizza anymore. 1-Lb. of spaghetti (and sauce), 8-oz. of tortilla chips, and 1/2 lb. of chocolate chips is all I could manage for lunch today. That's a typical Sunday lunch for me. What's pathetic is I still finished before TJ did.

Lastly, my best to you and yours, jjkirk, in the new year. I hope it brings you happiness and profits.

As for me and time, I'm thinking of taking 2-months in 2006 and not looking at a single chart. It's just an idea right now, like getting the rest of our stuff out of the house we moved out of 8-months ago <G>