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

To: Bruce L who wrote (18685)	7/6/1998 2:14:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

>>Fibonacci theory would predict in any initial retracemnet the stock would pull back 38% or 1 5/8 to 2 1/8 before finding new support. In fact this is very close to what has happened with COMS.<< Well, I'm open to all ideas, but I have reservations about it since it's called the 'Fibonacci' theory. I have a pretty extensive background in math, and the Fibonacci series is just another equations among millions that seems to come up frequently with its pattern. I don't like the idea that somebody thought of an equation, and then decides to model real data around it. (Of course, I don't know if this is exact basis for the Fibonacci theory and don't know the motivation behind the F.theory to say anything for sure.) But, as far as a retracement is concerned, it looks like we're more and more into the retracement. And we've just passed your lower level of 29 3/8. Right now my screen has 28 3/4. So, question still remains, how low is this retracement going to be???