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Qualcomm Inc. (QCOM)

MACRO CHART

QCOM Weekly

Current Trading Positions for QCOM (QCOM) Weekly on 30-May-2003

* A Supercycle degree trader (buy and hold for years), would currently be trading long in this market. The probability of this Target Area being correct is 88.6%. However, the random probability of this Target Area being correct is 65.0%. So the true probability of this Target Area being correct is 36.3% better than random.

Extensive Elliott Commentary for QCOM (Weekly) on 30-May-2003 with one incomplete pattern:

Wave (x) of the Supercycle degree Double Zigzag with a rating of 102.4 is expected to complete in the price range 54.86 to 199.4, but more probably between 95.4 and 169.43. This wave could complete anytime between now and 03-Apr-2015, but is most likely to complete sometime between 12-Dec-2003 and 24-Aug-2007.

After wave (x) is complete, expect the market to continue down into wave (y), which should be a three wave Zigzag pattern. Expect wave (y) to retrace wave (x) by 151% - 322%. Wave (y) can also be expected to be 100% - 322% of the price length of wave (w). The expected time for wave (y) to complete is 57% - 237% of the time taken for wave (x) to complete and 60% - 226% of the time taken for wave (w) to complete.


MICRO CHART

QCOM Daily

Current Trading Positions for QCOM (QCOM) Daily on 30-May-2003

* A Cycle degree trader (hold positions from quarters to years), would currently be trading long in this market. The probability of this Target Area being correct is 61.8%. However, the random probability of this Target Area being correct is 45.0%. So the true probability of this Target Area being correct is 37.3% better than random.

Extensive Elliott Commentary for QCOM (Daily) on 30-May-2003 with one incomplete pattern:

Wave c of the Cycle degree inverted Zigzag with a rating of 98.4 is expected to complete in the price range 41.43 to 95.68, but more probably between 47.08 and 70.69. This wave is most likely to complete sometime between 28-Jul-2003 and 22-Mar-2004 Note that it cannot complete until 05-Jun-2003 but must complete by 03-Mar-2005.

This wave c will complete the ZigZag pattern.
 

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