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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%3:59 PM EST
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To: Narotham Reddy who wrote (18077)10/17/1997 1:23:00 PM
From: Andie Wei-Ku Lin   of 61433
 
Yes, it is very ugly now, as it was yesterday...actually,
today is much worse, as we don't have a supportive bond
market in the least.

That said, look for the NDX (Nasdaq 100) to find support
on its 100SMA at ~1063. We are at 1070 with a negative
bias right now. The NWX is down more than 3% and the SOX
more than 3.50%...very ugly. Yet...watch for support on
the 100SMA...if it holds, then we should have recover
in short order.

If it fails...then...remember earlier this year? :-)
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