3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-87.0%

Nov 7 11:47 AM EST

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To: joe who wrote (22862)	10/16/1998 4:49:00 PM
From: matt fahy	Read Replies (2) of 45548

joe, >>I just looked at the 5 day chart and it struck me how we closed the gap today...cool!! << Still learning this concept, but have been amazed at the consistency of that concept since Wayne described it last week. However, looking at the 5 day chart, it appears we closed today's small gap, but it looks like there is a potential gap from $30 - $31.5, this is what I think may need to be closed, but not sure if it will happen before or after a brief test of $33. I am still in cash waiting to buy more but am trying to be patient since I think regardless of next week, COMS will see $30 again and maybe even $28. I have been using overall market tone to determine trades as well. If market looks strong, I may buy in earlier. I think COMS could breakout of $33 if and only if market breaks out of its range, but my gut says it will take a little more time and we may be seeing an intermediate top next week. Matt

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