Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: blankmind who wrote (40058)	3/19/1998 3:50:00 PM
From: Roadkill	Read Replies (2) of 61433

OT -- >>i hate to tell you this but the major exchanges finished at all time highs today.<< On lighter volume, yes. Doesn't surprise me. For instance, last October's NASD correction began about NASD 1700, when distribution began to overtake accumulation. The NASD still managed to push up to around 1750 before petering out. Even the infamous Dow drop last Oct. 27 began with distribution more than two months earlier, in the first week of August, when the market peaked. I've still got a lot of long-term cash in the market (including a chunk in ASND), and don't want a correction anymore than the next guy. I'm just afraid that we're in the early stages of one. I hope that I'm wrong.

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