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Technology Stocks : Ascend Communications (ASND)

ASND 208.87

+2.9%

Jan 12 3:59 PM EST

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To: Glenn D. Rudolph who wrote (9733)	8/26/1997 8:44:00 AM
From: Tom Klempay	of 61433

Glenn, In a short answer, yes, you can guesstimate within a reasonable range as to where the Dow will open depending upon the S&P futures price. However, a small, yet sometimes confusing part, is that to tell whether the S&P future number will indicate a negative or positive market opening depends upon where that number closed the previous day. There are times when the number is negative in the morning, but it really means a "positive" market opening. Just because the number may be negative is not necessarily a bad thing. However, in this case, down 9 is not good. -tk

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