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

To: Mr. E2u who wrote (21037)	8/29/1998 10:14:00 AM
From: TechMeister	Read Replies (3) \| Respond to of 45548

Hi Phoenix: Thanks for the confidence shown in me. The basic thing about TA is that, it predicts/follows human psychology. Everyone knows COMS is a great company, turning around etc...But the moment it broke support from the uptrend, it came tumbling down...You can argue that "maybe the markets really pushed it down". Guess why the markets tumbled? Because the technicals of the markets looked bad, and with a lot of good stocks' TA looking ominous, the market had to fall. I think $24 will definitely hold, with all the positive news out there. Monday we should have pretty good start, DOW 150 points up and from then on, we might start going down (DOW has resistance at 8200 now) with a climax selling on FRiday. DOW might test 7500. After that we will have a sustained rally for a week or two...After that I dont know!!!! So Bottomline is, start putting your $$ into work around $25 and less..Dont buy all at once...Buy more as it goes down