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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: P.M.Freedman who wrote (43177)5/10/2000 6:52:00 PM
From: Mang Cheng  Read Replies (2) | Respond to of 45548
 
P.M., I fully agree with you that filling the gap today is very good. The chart looks terrible yesterday, the MM gaped it up but couldn't maintain the momentum (due to the drop in Palm), and it ended up shape like a cross on the chart - that's a very bearish candelstick 'shooting star' pattern and forcasted a reversal today. We would have come back down anyway even if the market didn't crash today.

But coms did break thro' the 200-day ma yesterday at around $48 and I think coms will attempt to break thro' it again once the market settles down a bit. Right now, not dropping thro' $42 is quite important.

Mang