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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: joe who wrote (18688)7/6/1998 3:01:00 PM
From: Bruce L  Read Replies (2) of 45548
 
We have passed the 38% fibonacci retracement level. According to the theory, the next level of support would be at the 62% of the breakthrough increase.I calculate this at around 28 1/2.

You're completely right about the basis of the theory: a sequence of numbers that recur frequently. I can't explain to you why the theory is supposed to work, only that it is uncanny how often it does.
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