Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.00

-2.4%

10:12 AM EST

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To: Jeffery E. Forrest who wrote (43737)	4/11/1998 11:54:00 AM
From: username	Read Replies (4) of 61433

<<your TA is atrocious>> You could be right, I have not seen Inga's TA up close so cannot form a valid opinion. My view is at odds with both of you, but I am a rookie at this candlestick thing. There is nothing too complex about the chart, IMHO. The early Sushi Half Order bottom was negated before February. After that, the stock slowly formed the precursor Thai Stick formation and confirmed with the Concubine Moon and Stars at around 28 and change. From there it was simply a question of a retrace (Stinking Mud of Mt. Fuji) or a move up (Swelling Concubine with Tempura and Kirin). We were hoping for the Concubine gap to be filled (the Happy Samurai), but instead the Giant Flyer Over Tokyo hit in mid Feb. and we were playing a "waiting game". No way to tell exactly what will happen next week IMHO, but I look for a Small Sword With Enemy's Head before Wednesday. The confirmation of the Flying Nun-Chuks pattern and a hold at 38 or better should hold the stock above 37. Options expiration should be interesting; last month the "rule" didn't hold up. pete

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