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

To: Wayners who wrote (19907)	7/30/1998 11:01:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

>>I think the break below $27 1/2 is attributed mostly to the overall market<< I agree. You're the first person I've got confirmation on this. The next step: because we broke 27 1/2 on the way down, in a different way than expected, (and easily; volume being the only distinguishing mark) do you think it will pose the same resistance problem (going up) as before? I would think not since it really wasn't a resistance going down this last time. If anything, it seems that $25 is starting to be a "new support", but future upward resistances will have to be newly created...except for the 31-32 level...but even there, I'll bet a LOT OF PEOPLE who bought at that level bailed out when we passed 27 on the way down after seeing their 20%+ profits totally wiped out. In summary: I think we are in uncharted waters as far as resistances going up are concerned... A real T/A stumper, I would think? ;-) joe