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

To: Wayners who wrote (22928)	10/19/1998 5:54:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Wayne, What did you think of that wild finish we had to today? I think it says something. The no-brainer for me is a "very strong finish". I think the last 15 minutes was around 500K shares and we went up 1/4 pt. Plus we ended up at the "high". That seems to bode well for 32 resistance is "history" tomorrow. Do you agree? btw...I went and connected those days for the trendlines. I think these are your longer (or mid-term trendlines) right? What pts do you use for he short term channel? thanks, joe

To: Wayners who wrote (22928)	10/19/1998 10:39:00 PM
From: Raymond James Norris	Read Replies (2) \| Respond to of 45548

.Short term channel for tomorrow is $31 1/4 to $34. I'm seeing $35 in the future now for COMS as defined by a longer term channel. Try connecting trendlines between lows on 9/1 and 10/8. Now connect a line connecting highs on 8/19 and 9/23. Wayne: Two points do not make a trendline. Channel lines cannot count as being 3rd or 4th points. The channel you have drawn is arbitrary and not true until the stock at least bounces off on more time off the support. However, the short term channel is valid. It's lows are at 10/8, 10/14, and 10/19. The corresponding channel line has 2 points at the highs of 10/12 and 10/15. This one I think is valid and will dictate how far high or low COMS goes....until COMS breaks out above the channel, at which point it will only serve as support. Conservatively Yours, Raymond J. Norris