Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter Yang who wrote (37770)	3/5/1998 10:44:00 AM
From: FUZFO	Read Replies (3) of 61433

Guys, Here's my 2 cents worth of a simple TA. Looking at daily chart of asnd since the uptrend began around 1/1. We have 3 inflection point lows on 1/12, 1/27, and now 3/5. Highs on 1/7, 1/20, 2/27. Drawing lines through each gives a channel, the upside of which is diverging just a little as we go on in time. Todays action fits perfectly on the bottom of the channel. Extrapolating the channel forward in time gives me: By 4/1 channel low = 38 channel high = 43 By 5/1 channel low = 42 channel high = 47 1/2 Don't laugh, many technicians use this, in fact there was a guy on last nights NBR predicting DOW 9000 based on exactly the same technique. FWIW. Fuzfo

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next