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: Elmer Flugum who wrote (27629)	2/4/1999 5:12:00 PM
From: Dennis Eckert	Read Replies (2) of 45548

I would think an important price support would be about $32 for that is where COMS broke out of an important trading range on Oct. 21, and then got enough steam for the run-up. Guess it all depends on how far back you want to go. Overhead resistance going back 1 yr-18 months looks to be around $47-$50. I see the October low at $25 also. Some TA folks with a 3-6 month perspective believe support and resistance areas should be at least 10 days to weeks long to be valid, but like anything else in TA (which I think is really an exercise in applied social psychology about crowd behavior) different folks sees these areas differently. Kinda lika Rohrschach blots, huh?

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