QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $35.13 on Aug 8, 2003 prices rallied, reaching a high of $46.05 on Sep 18, 2003. A decline saw prices pull back, reaching a low of $41.00 on Oct 1, 2003. Another rally saw prices penetrate resistance, closing 10/28/03 at $47.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 13, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $43.00. Resistance: Is at $47.41. Point & Figure: Reversed to the upside on Oct 28, 2003. A P&F upside reversal takes place at $45.50. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $47.25 Stop: Use a protective stop of $45.25. QUALCOMM INC is currently trading @ $47.00 plus $2.76 on Oct 28, 2003. Price Objective: $57.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1