In it, I recommended the shares of Qualcomm/QCOM. In doing so, I said,
"... investors find a company whose growth rate matches or exceeds its PE, a PEG of 1 or less. (This calculation ignores the intellectual property lawsuit with Nokia/NOK, and which Qualcomm appears to have the upper hand.)"

In news that catches Wall Street by surprise, "Qualcomm and Nokia put an end to their patent battles - a move that could benefit both companies. Financial terms weren't disclosed, but the companies described it as a 15-year agreement that includes Nokia making an up-front payment, and paying ongoing royalties - which implies Nokia may now become a Qualcomm customer. 'This is a landmark deal,' Lehman's Timothy Luke said. 'This removes a ton of uncertainty from the industry.' He estimates Nokia should owe Qualcomm about $600M for 2008 alone."

This is the type of news event that causes a sudden, and vicious, fundamental revaluation of the affected company's shares; in this instance Qualcomm/QCOM. In early pre-market trading, QCOM shares are bid higher ~20% to $53.75. Recall also from that earlier post, I stated "upside breakouts lie at ~$43 and, crucially, at ~$54."

Hmm, so here lies Qualcomm/QCOM shares, immediately beneath crucial resistance, a close above which would change the pattern materially, measurably, and obviously. Obvious, that is, to most investors who fought the bullish change for Qualcomm/QCOM shares, which is the grand design of area (congestion) patterns; the lengthier, the more confounding.

You, on the other hand, had advance knowledge, so come prepared for today's gap higher. Congratulations.