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Strategies & Market Trends : Three Amigos Stock Thread
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To: Ken W who wrote (23769)2/9/2001 1:07:23 PM
From: Jibacoa  Read Replies (1) of 29382
 
PCOM: The recent larger volumes (3,562,500 and 2,755,600 on Dec.27 and Jan.18 respectively) were on the upside, but it has a temporary double top at the 5.68 level from the intra-day Hs of Jan.19 & Jan.24 and has been on a near term down trend since then.

I guess the thing to watch is if it will hold at the support level of 2 7/8 to 3. Unless the market condition deteriorates further it is unlikely that it will fill the up gap at 2 1/4 after the Dec. 21 & 26 double bottom at 1.54

Bernard
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