3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: chenys who wrote (16612)	6/2/1998 4:43:00 PM
From: Wayners	Read Replies (1) of 45548

<<Aren't most technical indicators pointing up at this moment?>> Not the short term stuff I look at. COMS is in a downtrend so use trend following indicators. (Oscillators don't work to pick buy points on a downtrend). I play close attention to slopes of 3 day moving average and 12 day moving averages. In addition to using stops (2% loss equals exit for me), at the first indication I see that the slope of the 3 day moving average is starting to change direction, i.e. downslope is no longer increasing, then its time to find a good intraday exit point. I'm also prepared to go long on a break of $25 on good volume.

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