CAN YOU HANDLE THE TRUTH?

I can't believe I am doing this. I added some QCOM at closing. Technicians would have said that I was craze, given the ugly chart, with no support whatsoever, and the market showed no signs of turn-around in anytime soon. On the other hand, the negativity is extreme and NASDAQ has been falling for seven consecutive days, without any relief. The NAS is extremely over-sold. (I know, I know, the market could be even more over-sold). QCOM is one of those stocks that are always expensive, and you always hope that one day it may fall, so that you can get in. Here it is, it has been down for about 25% from its peak. Do you have the courage to add on? My strategy is: if it bounce in near term, I may let it go. If it not, I do not mind hold it through. Despite the fear of inflation, I simply do not see a recession coming to my way.