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


To: joe who wrote (18688)7/6/1998 2:19:00 PM
From: William Wang  Read Replies (1) | Respond to of 45548
 
<<So, question still remains, how low is this retracement
going to be???>>

28 is the next support level, COMS needs to hold above it.



To: joe who wrote (18688)7/6/1998 2:31:00 PM
From: blankmind  Respond to of 45548
 
retracement? - let's call it over and we start ascending.

coms purchased usrx, asnd cscc. usrx was an anchor. cscc saved asnd with new products. for those who remember, the street disliked the cscc purchase, but was favorable to the usrx purchase.

coms core will have to pullup the usrx anchor, usrx was no lifejacket. i see coms core as having the products necessary to overcome the blunder of purchasing usrx, as they have shown with the inventory problem.



To: joe who wrote (18688)7/6/1998 3:01:00 PM
From: Bruce L  Read Replies (2) | Respond to of 45548
 
We have passed the 38% fibonacci retracement level. According to the theory, the next level of support would be at the 62% of the breakthrough increase.I calculate this at around 28 1/2.

You're completely right about the basis of the theory: a sequence of numbers that recur frequently. I can't explain to you why the theory is supposed to work, only that it is uncanny how often it does.