Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Glenn D. Rudolph who wrote (30002)	1/11/1998 3:04:00 PM
From: username	Read Replies (2) of 61433

My TA Summary of networkers (short term 30-120 days) SHVA- Chart shows 1st part of a strong consolidation pattern has formed. Recent strength failed to exceed short term trading range. Entry over 9 not indicated at this time. MADGF-Chart shows 1st part of a strong consolidation pattern has formed, waiting for further indications. FORE- difficult to see through the extreme volatility. If stock fails to hold at 13 5/8, a short term downside target of 11 1/8 appears probable. BAY- downside target after October high (23 ¼) was met. Confirmation of short term breakout occurred 1st week in January, but recent failure to break out of short term trading range indicates some weakness. Stock needs to hold above 24 5/8 to confirm a short term trend change. If stock holds, the new upside target is 34 5/8. NT- The downside target after the October high was met at 82. The first part of a strong consolation pattern has formed. No further indications at this time. MRVC- After high in Sept 97, downside target was set at 18. This target has not been met, however a very accurate long term buy formation has just formed. Entry under 22 should have a downside risk of the original downside target of 18. CS- appears to be forming a solid base with a strong consolidation pattern. No further opinion at this time. NN-After Oct high, downside target of 26 was indicated. Target may be met within a few days. Additionally, this stock has also formed the first part of a strong consolidation pattern. COMS- After July high, the downside target of 28 1/8 was met in November. Consolidation pattern completely formed, buy signal generated in late December, current target is 57. PAIR- Downside target after Oct high was met on 1-9-98. I'm waiting for confirmation of my additional buy signal filters. XYLM-TLAB-CSCO-NWX- LU- XIRC- no opinion at this time. Best, pete

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