Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.23

-4.2%

Dec 2 3:59 PM EST

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To: Thomas M. who wrote (3248)	5/30/1997 3:39:00 PM
From: Glenn D. Rudolph	of 61433

I'm seeing fractals! ASND put in a H&S bottom with a bullish, higher right shoulder. LS-40, H-36, RS-45, neck-50-51 --> projects to 64-65. But do you see another H&S within the head? I looked closely at the head and cannot say for sure if there is another head and shoulders within the head. It appears very slight if at all. I still plan on exiting in the mid 60s when it gets there. I was going to sell if ASND hit 62 this morning, anticipating an end of the week fizzle, but ASND opened lower. Now the NAZ, NWX, INTC, et al. are making lower lows, lower highs. During the next NWX rally, CSCO's performance will be vital, as it is approaching its all-time high. I believe you are quite correct on this. Glenn

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