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Technology Stocks : Ascend Communications (ASND)
ASND 222.15+2.2%Feb 6 9:30 AM EST
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To: AlienTech who wrote (3687)6/9/1997 6:16:00 PM
From: Bald Man from Mars   of 61433
 
Nice candlestick intepretation even though I know nothing about candlestick.

I believe that to win in this game, you need to put the odds on your side.
As far as the technical indicator that I used, it is just telling me that ASND is still in a downtrend, it does not say that it will not turn around and shoots up 20 points tomorrow.
It merely tells me that the odds are not with this one at this time.
The risk/reward may be 2 to 1 at this time, and a lot of the people may be happy with that odd. But if you are someone who does not take anything without a 3 to 1 odd, then we may not be at that point yet.

What I am saying is I would feel more comfortable if this one goes to a lower level, if it turns back up from here, I will miss it, but as Mr. Buffet said, you don't have to swing at every ball that crosses the plate !!!
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