Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.46

-5.1%

1:21 PM EST

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To: Chris Chandler who wrote (16125)	10/2/1997 5:13:00 PM
From: Ross	of 61433

Chris: you said: "I hope ASND is near the bottom of an EW5 down. I haven't studied much on Elliot Waves and don't yet subscribe to their validity. There seems to be something to it, but I know that events happen that sometimes change prior counts, and that part of it seems like curve-fitting to me." The trouble with wave counts is that EW3's can turn into EW'5's and EW'5's can turn into EW'3's.. So, Where is ASND? Don't know yet but it definitely, short term, is one! And a great, short term, "long trade" a couple days back. Elliot theory is much like studying fundamentals, difficult "at best"! It is what I hang my hat on though. At least you have current data (volume/price) to analyze. Fundamentals, at least the printed version, is old news; usually a month or more.. And only god knows if it is correct! Anyway, good luck! Ross

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