Qualcomm peaking (or already peaked) - a closer view [QCOM]

In my first post ever on Qualcomm I showed a high level chart of why I think the EW count says Qualcomm (ticker: QCOM) is "very close to a top".  Below is a zoom in of the chart as of today.  In it we can find nested ending diagonals, both of which have thrown over.  The chart has now re-entered the outer diagonal and is threatening to enter the inner diagonal.  The break down will be confirmed if the chart can take out the lower support rail.  I suspect that it could hold out on the break down by using April to get to the bottom of the channel and then getting a nice Vee wave back up into wave 2 of the new bear.  For a darling like QCOM it will mos def take a 3rd wave to break the lower support.

I stand by my view that it will be a "Walk away in May" year for stocks in 2014.  Many of the weaker ones will have broken down before that.  If you are going to short something, start with the weaker players and then use the profits you make off of them to take these bigger guys down later in the year.  Never start the attack on the big guys.