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: matt fahy who wrote (22927)	10/19/1998 4:38:00 PM
From: Wayners	Read Replies (2) of 45548

Short term channel for tomorrow is $31 1/4 to $34. I'm seeing $35 in the future now for COMS as defined by a longer term channel. Try connecting trendlines between lows on 9/1 and 10/8. Now connect a line connecting highs on 8/19 and 9/23. The lines are definitely parallel. The short term channel intersects the longer term channel at about $35 at the top of the channel. At that point, you'll have a confluence of people who follow channels taking profits simulataneously--the short termers and intermediate termers.

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