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

To: Tom Gebing who wrote (23300)	10/28/1998 12:57:00 AM
From: chenys	Respond to of 45548

Tom: the 13DMA is not going to hold the price up. Look at the 12 day uptrend, it is violated today. If history bears anything, look for a sharp pull back. Should there be a gap up, sell right away. But most likely it would gap down, bounce a bit and then down for real... Most indictors are in favor of the bears now: stochastic is at highest level (signaling reversal), RSI(14 day) at 70%, MCAD peaking, and most significantly, coms has this habit of 11-12 days up followed by 10-11 days down, about 22 days a cycle. If you believe in such period, you would have sold into strength today, because today is the 13th day on the uptrend, one day overdue-had the trend held up. For some reason, this matches with Wayne's 35 target! In any case, it would take at least another 10 sessions to firm up a rebound. I believe 28 near term is very likely, agreeing with many folks' thinking. Hopefully, with such sharing pretty soon we can all coauthor a book, "Trading 3COM to Wealth: The Road Ahead" (sound familiar? Just make sure Gates doesn't come after us if we all get too rich as a result! ;-)

To: Tom Gebing who wrote (23300)	10/28/1998 1:10:00 AM
From: chenys	Respond to of 45548

Tom: don't get me wrong here, I just thought it would head south first and then bounce back to close at 35 this coming option expiration day, which is about 18 sessions away, long enough for it to go for a walk and then come back. It might take another 4 days to reach 38 and a happy Thanksgiving to complete the cycle--as if I could tell the future! :-)