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

To: joe who wrote (25197)	11/24/1998 2:49:00 PM
From: Bruce L	Read Replies (2) \| Respond to of 45548

Re: Candlestick Analysis of COMS FWIW I've reviewed my Nison ("Beyond Candlesticks") and give you this analysis: If we assume, as I do, that yesterday (11/23) was a "rising window" and assuming that in the following 3 trading days we do not fill that window (by closing below 40 3/16), then things will look very, very good for COM$. A "rising window" is merely a gap up from the preceding day; it is considered a "continuation" pattern meaning that if the prior trend was up, then this pattern signals that the trend will continue. If the window -or gap - is not closed within 3 days then the signal is confirmed. The window itself is considered good support. Technically, for there to be a rising window the open must be above the high for the previous day (the "shadow"). The high for 11/22 was 40 3/8 with a close of 39 7/8; the open for 11/23 was 40 3/16. So strictly speaking we did not have a rising window. However, these candlestick patterns can be interpreted somewhat flexibly. While the open on 11/23 was "only" 40 3/16 there had been heavy pre-market trading just before the open as high as 40 13/16; if this is considered we would have the "rising window." Also relevant would be the heavy volume of 700K in the first 1/2 hour on 11/23. Some of you will have noticed that today (11/24) on at least 3 occasions we reached, but bounced off of 40 3/16. Conclusion: We have important support at 40 3/16 and if by the close of trading Friday (markets closed Thanksgiving) we close above 40 3/16 then COM$ WILL continue its upward progress. Just my 2cents.

To: joe who wrote (25197)	11/24/1998 6:46:00 PM
From: Steve Porter	Respond to of 45548

Joe, It's a slow process, but word is getting out that 56K modems are the next good thing to get and it's dirt cheap. There's absolutely no reason why people can't get these things before they transition to xDSL or Cable. I did ;-).. but then again I'm in canada and ahead of the curve. It looks like I got my firmware patch sent to my modem when I got home and cycled the power.. man there was a lot of data sent back and forth. I'll let you know if those solves my problems, but I have a good feeling about it. The funny thing was I called the cable co and asked the guy "did you send out firmware patches today?", "I don't know".. "well it looks like a firmware patch".. "I'm not sure sir".. "Hang on my modem just cycled it's own power and it's never done that before.. must have been a firmware patch.. I'll call you back if I'm still having problems".. Man these folks are not quick. When I heard about the problems with the modems in the first place I said IOS. Then finally they agreed with me. Now I know before they do that the firmware has been sent out.. Either I'm top of the class or these people are daft or both! (or possibly the reverse ;-) ) STeve