QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $26.25 on Sep 4, 2002 prices rallied, reaching a high of $31.07 on Sep 11, 2002. A decline saw prices pull back, reaching a low of $25.10 on Sep 19, 2002. Another rally saw prices penetrate resistance, closing 10/14/02 at $49.50. Technicals: RSI Index (RSI): A Buy Alert! was given on Oct 11, 2002 when the solid line crossed the dotted line to the upside. Support: Remains at $30.00. Resistance: Is at $34.00. Point & Figure: Reversed to the upside on Oct 14, 2002. A P&F upside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $33.13 Stop: Use a protective stop of $31.13. QUALCOMM INC is currently trading @ $49.50 plus $1.383 on Oct 14, 2002. Price Objective: $49.50. Risk/Reward: $2.00 VS. $16.38. Today's Risk Reward Ratio: 8:1