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Subject:  Qualcomm... Date:  12/6/2000  8:57 AM
Author:  BruceBrown Number:  19032 of 123839

I was just curious on some opinions from those of you on this board that follow technical analysis. The discussion has been raised in regards to a 'gap up' on Qualcomm around the $65 range of not too long ago.

In spite of that, the last two appearances on CNBC by technical analyst, John Murphy, he has said that Qualcomm continues to be one of his favorite charts in the technology sector. Last night he drew the longer term downward trendline and spoke how Qualcomm broke through that on heavy volume to the upside. He then discussed the nice 7 month basing period and stated once again that the chart continues to be one of his favorites.

My question is, if Murphy makes all of these observations using his years of experience and knowledge of his system, why is that 'gap' not a concern to him? Or, why is it a concern to those on this board who continue to point it out? Are the two methods not related? As everyone knows, I'm pretty naive about gaps. My one and only attempt to buy an equity in the 'gap' were some additional shares of Juniper at $190 which I eventually got stopped out of and entered back into last week and set another stop to protect them. Anyway, I was just curious what makes Murphy overlook that gap...

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