Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.8%

Jan 9 9:30 AM EST

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To: vegetarian who wrote (8843)	8/13/1997 9:05:00 PM
From: Randall Stern	of 61433

Technically speaking ASND chart shows weakness in the MACD. (one of my favorite indicators) This has been true since it peaked in mid-fifties recently. It is now very close to bottom, but, not quite yet! There should be huge support in the 41 area (39 if nasdaq breaks down). But, now that I have gotten the bad news out of the way, lets look out just a little further. Remember that ASND has been down in this area two times in the recent past (4 months). The first time it landed at 36. The second time it landed at 38 1/4. If this "landing" is at 40 or more (approx) , this is normally very, very positive. A rising triple bottom. When the divergence lines go to a positive, this stock should fly away!!! I will let the thread know when it happens. My guess is sometime next week! Just my humble opinion. Good Luck to All!!!

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