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Technology Stocks : Ascend Communications (ASND)

ASND 207.16

-0.9%

2:02 PM EST

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To: Matt Webster who wrote (41664)	3/31/1998 7:54:00 PM
From: Jeffery E. Forrest	Read Replies (4) of 61433

Chart made a big fat DOJI today. All indicators/oscillators are shortterm overbought. RSI has gone above 80 and started to retrace in tandem with stock price exceeding upper Bollinger Band. (Reversal Signal) OBV, ROC, Momentum, Moneyflow, Parabolic etc. are showing overbought and are accompanied by a BEARISH KEY REVERSAL. Stochastics are showing an overbought market and a bearish crossover. ___________________________________________________________________ ** I generally use B-Bands in combination with RSI/ 20, 50 & 200DMA's/ and Candlesticks for the bulk of my TA. I then look at the other indicators/oscillators to see if there is any confirmation/coorelation. The way I see it is: Longterm trend is UP and should remain so, BUT we have (1)overbought conditions, (2)A DOJI, and a (3)BEARISH KEY REVERSAL. We should get a pullback here, PROBABLY TO 35 (the GAP I have been babbling about)

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