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

To: jimbos who wrote (30674)5/7/1999 9:31:00 AM
From: Herc  Respond to of 45548
 
The major trend is up and it has a down sloping flag formation now which is all consistent with a continuation of the trend.
Technical analysis is no panacea, but it does offer one a little hand holding. Just think about it: an upward trend means more people believe in a stock. And it will take something fairly significant to dissuade them. And the longer it continues the more difficult it becomes to dissuade the herd. I'm sure there are still a lot of people out there who are convinced that Dell will never disappoint them.



To: jimbos who wrote (30674)5/7/1999 9:34:00 AM
From: Moonray  Read Replies (2) | Respond to of 45548
 
OK, one neck stuck out (not very far). COMS is trapped narrowly between
two moving averages and is trying to correct a short-term overbought
condition. There is NO tip-off as to whether the next move is up or
is down. If you see COMS at 27, the move is up, at 24 it is down:
askresearch.com
Remember though, any FA news like announcement of a merger (or one that
says no merger) will overrule any TA.

o~~~ O


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