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

To: Wayners who wrote (26102)	12/14/1998 4:21:00 PM
From: Slide Rule	Read Replies (1) \| Respond to of 45548

Wayne, what's your take on COMS support level(s) now? What would it take to reach them? See any upside soon? TIA/ slide

To: Wayners who wrote (26102)	12/14/1998 9:13:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

I knew I'd get at least one person's attention with that comment. You were the only one man enough to step up to the plate.<g> OK, I looked at the trendlines, and yes, nice coincidence that we stopped on the mark. I noticed the 20DMA is very close also. The problem with TA this month, is that, besides earnings news and end of the year market movements, there are lots of extraneous events (ex. Clinton) going on. TA models supply and demand, and it seems that this is a month with too much variability to model supply and demand as they would "normally" happen. Otoh, traders will probably try to stick to the model as long as they think it might hold. We shall see. Low volume (as Moons pointed out), is apparent. No big trades today (except for two); most was small fry stuff. Are heavy duty shorts looking to come in? One could argue that we're seeing some consolidation from some big upward moving days. Remember, this stock can go up 3-5 pts on low volume as we've seen previously after some consolidation. LOTS of people know this and don't want to take the chance of missing out. We shall see. Sure, it looks like the market is trending down for the moment, but I'm starting to hear a lot of salivating over TECH BARGAINS. We shall see.