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Technology Stocks : Ascend Communications (ASND)

ASND 199.63

-1.4%

Dec 18 3:59 PM EST

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To: Harry Ehrlich who wrote (13733)	9/20/1997 2:29:00 PM
From: Nazbuster	of 61433

Harry, I looked at MTZ and see what you mean, but how would one see this coming? To jump in after 1-3 days of "breakout" makes the entry point too high. It seems that focusing on hourly trade activity would simply miss the bigger picture. How does a trader actually take advantage of what seems obvious in hindsight? Technically, I would look for a breakout. There are various indicators, such as the breaking of trend lines. Overcoming the 50 day moving average on a high range day is an excellent indicator. Mastec (MTZ) just did that. Institutional traders rely on the 50 day and 10 day moving averages.

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