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

To: Slide Rule who wrote (26103)	12/14/1998 4:39:00 PM
From: Wayners	Respond to of 45548

Unless some bad news comes out, I'd expect COMS to close above $40 each day over the next week or two. Today's low close is sitting on an uptrendline connecting lows on 10/8, 11/12 and 2 Dec. A break below this trendline will most likely recover short term however it would continue to slow the upward momentum and subject the next move to $42 to $43 + to additional profit taking. It really looks to me like its going to break the trendline. Slowdown in momentum here will mark $47 1/4 as a short term top. A retest and move below $42/$43 probably goes back to no lower than $37 1/2 or so.