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no.. i am done w/ qcom.... For technical purposes.. a close under 29.58 would still be bearish...

stopped out.... for a modest overall gain.. --mike

Moved down my trail stop on qcom.. to 31.56.. which is the 5/14 high. So far... I am up roughly %7 on the short.. I will just trail out the position until I get stopped out... --MIKE

Market is churning here...

Spreadem... Much of what I am posting does not refer to you... I make trades that last a few days to weeks.. your analysis is based on trading for a few minutes or seconds... --MIKE

I am primarily a swing trader.. so my comments are in the context of days to weeks... Look at my chart of the nasdaq on the first post.. I dont see a trendline break yet??

Another.. great tool I use to gauge market strength is to look at what the market leaders are doing... I run a scan and look for all the stocks that made the greatest moves since the beginning of the rally... If there trendlines start to break espececially on high volume.. then I know the market...

I dont really follow news ever.. just look at the charts... Take a look at S, KSS, GNTX, GM, EXPD, WSM, SUP

I disagree.. this rally has more to it than short covering... thats what people think but it really has more to do with ending the war.. and hopefully the economy rebounding... Shorts covering does not cause stocks to rally for multi months.... short covering is those huge pops you see on a...

Maverick... I agree to wait for the confirmation break.. thats what I said in my first post.... Right now.. I am making a list of some of the weakest stocks.. that I want to be ready to short.. assuming we do break the uptrend channel. Tudor Jones is still running his hedge fund.. but...

Well.... not exactly.. take a look at the auto sector... bad news alongside some downgrades... You have GM breaking down... auto parts distributors getting smoked.. like GNTX especially... Transportation getting hit badly.. especially EXPD... Retailers in poor shape... JWN, KSS, S (...

I dont know if this rally is over.. but here is when I will be fully in cash.. and start to look to short aggressively.. We need to breakdown from the uptrend channel... take a look... Very basic analysis.. but it usually works better than most of the other arcane stuff... - KISS...

When are the new quote window features slated to be released? for example... EFS inside the quote window ?? --MIKE

Thanx guys. I scaled out more of the position for profit and lowered the stop from breakeven... The reason for more scaling out is because of the inherent strength of the broader market... --MIKE

The stock was never a winner to begin with... its a choppy stock.. so I expected it to go against me .. THe stock usually has little follow through and bounces around a lot.. time will tell.. its just one trade.. wont make or break me.. --MIKE

If nasdaq rolls over... and STOR.. decides to fill the gap... you will be screwed.. --MIKE

QCOM is completely diverging from the nasdaq.. Should be interesting to see what happens to QCOM.. when(if) the nasdaq does indeed begin to rollover.... --MIKE

Stock is breaking down severely.... --MIKE

Stop is at 91.46.. one tick above the 4/22 high... trade not looking too good from the start...

90ish... basically somewhere in the middle of the pattern