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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Glenn D. Rudolph who wrote (13052)	9/16/1997 10:24:00 PM
From: Narotham Reddy	of 61433

They say Market consolidation over 9/16/97 TRADER, Carr Futures, Chicago: Consolidation phase of market over... now in an uptrend... could go to new highs... SPZ immediate target 950... following bonds higher following better than expected CPI, strong Industrial Production; hearing Treasuries helped by story Buffett buying bonds... Lot of local SPZ action... Morgan Stanley big buyer... Goldman Sachs in on smaller level... Dec. support 943.00, 940.60; resistance 948.50, 952.25... fair value 9.88, buy programs 11.60, sell 8.50. From Market scope.. Narotham

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