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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST
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To: Pullin-GS who wrote (7588)7/30/1997 1:10:00 AM
From: Tony Wang   of 61433
 
Yes it will last. ASND should break $60 on this intermediate move.
Remember from the 36 low, it went 60; backed off to 39, rallied to 56;
down to 46 today and reversed on the upside in outside day formation closing at the highs. This is the most bullish formation you can have.
From the second low of 39 (which is higher by 3 from the primary low of 36) it should have a measured move to 63 or more. Many times the
second leg of a move is equal in length to the first move.
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