Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Glenn D. Rudolph who wrote (37327)	3/3/1998 3:18:00 PM
From: Jeffery E. Forrest	of 61433

Hi Glenn. Chart looks like ASND wants to go back and retest 30-31. Any good reason for it that you know of? If it ends the day with a Black Gapping Candle (looks like it will) it would not bode well. Seeing LOTS of BIG blocks on the ASK going by too. I've been getting some good trades out of it lately and have been looking for a re-entry after selling a couple days ago, but this looks like more than a small pullback. Already breaking support of a simple trendline. VERY strong support at 30-31 though. ASND has had a GREAT looking chart as of late, but the last two days are "uglying" it all up<G>. Of course, NONE of the techs are looking real good right now. I've been taking tech profits left and right and can't find a good re-entry into any of them. Been getting some DAMN good shorts though. (DELL was sweet and EASY)

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