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

To: joe who wrote (19963)	7/30/1998 8:25:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

Oh I'm not really worried about tomorrow morning based on the weekly chart. My timeframe is so much shorter than that. Holders with timeframes of a month to several months should be worried. I'm a big fan of volatility based trading. Volatility is picking up and is not maxed yet (using an indicator I call Bollinger Bands on Bollinger Band Width) and it increasing to the downside. Just eyeballing it makes me think about $20. I can understand why you would get gaps ups near where some people may expect a bottom. Amateurs trying to pick bottoms near support levels and placing market buy orders at the open. Market Makers will gap up the opening on those people when they get enough of those orders. I think you are making some pretty good T/A observations relating price and volume. I especially like the price drifts down 90% of the time on low volume. Economists are dolts. Whenever they are looking for inflation--expect there to actually be a recession and vice versa. I've heard a lot idiots the last two years claiming a return to the 1970 and early 1980 inflation scenario. I thought we would have gotten a recession about a year ago, but looks more like 1999 or 2000.