Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.41

+1.4%

1:36 PM EST

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To: Matt Webster who wrote (41664)	3/31/1998 4:30:00 PM
From: Jeffery E. Forrest	Read Replies (1) of 61433

Yep. The candle that was formed today is rather ominous. We made a strong thrust into an area of resistance but were unable to push through. This is not good. The long upper shadow reflects a heaviness of supply as we reach into that area of resistance. (38-40) I'm not yet sure whether to call todays candle a shooting star or a doji. I'll have to download my data and take a look. Either candle forecasts a stall in upward movement. We should see 40, BUT I think we'll see 35 first.

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