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

To: TWICK who wrote (21751)	9/21/1998 4:18:00 PM
From: miklosh	Read Replies (1) \| Respond to of 45548

some points to consider: 1: Closed 32 1/16 2: closed at high for day 32 1/16 3: closed above 200 day ma 4: closed above psychological resistance of 32 5: strong volume for coms on a low volume day for the market bye bye 20's

To: TWICK who wrote (21751)	9/21/1998 4:22:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

WOW, massive fire power at the end. Take a look at the day chart. Also, the Oct 30, 32.5, 35 call options all took huge jumps, especially the Oct 30. I'd estimate 25%+ of the volume was in the last 1/2 hour. >>Beware of round numbers! Technicians have discovered that prices often find support or resistance at round number. Round numbers act as psychological levels that stop advances or declines. As a rule, don't place trading orders or protective stop-loss orders at round numbers.<< Yeah, I've come across that in a Technician's book. I think I remember him saying that most people always sets their limit orders, stops,etc at even numbers, so that puts you in back of a longer queue or waiting line. >>I think we closed at 31 15/16<< Sorry, we closed at 32 1/16<ggg>. That there 1/8 means a whole lot to me. You can see at the end how much volume it took to kick through that little distance.