3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Mang Cheng who wrote (18860)	7/8/1998 5:23:00 PM
From: chenys	Read Replies (1) of 45548

The 50 DMA has been brushed back and forth for so many times now that it is no longer important any more. One should look at the 200 DMA and the 2-year trend line now. When I mentioned 32+ as the point of pause right before the 5-point-or-so gap-up, it was what was based on. Such long-term down trend causes concerns and must be broken before it can run fast. We are in the process of forming a pattern to break that. In the short term. the recent consolidation from the gap up has finished, it seems. Today's close above that consolidation trend line (breakout of some kind) is a very good sign. People are watching how it closes today and will take action in the following morning. Look for a good run tomorrow, if history teaches us anything. Good luck to all of us!

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