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

To: Wayners who wrote (17050)	6/7/1998 7:15:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

I think I'm actually in aggreement with everything you've said. Makes me kind of worried<gg>. But then again, I don't think you're really a bear. You don't really have any opinion, one way or another on this stock, except possibly when you had to dump, and got pissed at the stock and became a temporary bear. Anyway, because of the above logic, I think it will turn out as you said. What's this 30 min tick data? I use E*trade, and I think I get a data point for each minute. I try to look at this and let the chart give me clues as to what's happening during the day. I'm wondering if the 30 min tick data is lots more information....that would be very revealing. I've often thought of getting Level 2 data, since I think this would be very revealing, but I don't want to get into the trap of becoming a trader, at least not till I make my 1st million<gg>. I have to protect my day job. Luckily, I have some flexibility as far as when I can complete my work. Another point - I noticed Friday, was not as much of an up day. This troubled me because it made me think that the pattern of the previous 2 days was breaking down, but I now attribute that to a little extra profit taking than normal because of the 'friday effect'. So, I agree with you that we might open up high, and keep the previous 3 day pattern going a few more days. Also coming up is the Greenspan effect (does TA account for this guy<gg>?) Sometimes, I dread Greenspan more than an earnings report. What do you think about this approach on Monday? Opens high, sell in the first hour - usually the pre 12:00pm high - wait and see if we get another upward rally between 11:00am and 1:30pm...if so buy and sell quick because we may get a mid day peak...then wait for end of day good time to buy back using that trading system you have (please let us know when you get the end of the day signal to buy - I'll remind you starting at 2:30pm, if I can) It seems that normally, your 'simple support and resistance levels' are enough to figure how to trade most stocks, right? --But, COMS is a different kind of creature that breaks the rules much more than most 'normal' stocks do.