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

To: Wayners who wrote (23491)10/29/1998 10:09:00 PM
From: Steve Porter  Read Replies (1) | Respond to of 45548
 
Wayne,

I hate to say this, but I think "real-world" TA is out the window for COMS and many other high-tech stocks at this point in time. The pervasive feeling in teh industry is that Asia is stablizing. This will cause a lot of stocks to behave in a manner that will break almost all TA models.

Steve




To: Wayners who wrote (23491)10/29/1998 10:44:00 PM
From: joe  Read Replies (2) | Respond to of 45548
 


Sounds about right to me. I do think there's a good
chance we may bust out of those constraints though. There's
more good news buzzing around COMS and the world right
now. We'll have to see how it goes. Maybe if we wait another
few weeks those lines will be converging at $36, a little
higher. We'll have to monitor closely.

I will say though that those lines work well as a good
reference diagram. I guess possibly others are looking
at the same pattern.


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