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

To: TechMeister who wrote (23884)	11/3/1998 12:48:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>Look at the intraday chart. It tried to hold on to the 35 support very bravely, then it just caved...I think we might see 31-32 shortly if the market remains week near term<< I disagree. We went through 35 very fast. It just paused there wondering what folks were going to do. Not much, so MMs drove it down lower. Remember, they want to create panic. I thought we'd stop at 34.5 because that's historically what has happened (bounce off the high of the gap close). But, the MMs can take it lower lots of times. Then heavy buying started between 33-35. Seemed to climax at 33, or maybe MMs just let it take a rest there. You could be right, maybe we will go down more, but when Naz-100 starts going up, as it just seems to have started, the bargin buying is wrapping up. This should be short and quick and it will parallel the Naz. Afterwords, soon we'll be ready for some newer highs<g>.