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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST

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To: gbh who wrote (45479)4/27/1998 9:11:00 PM
From: Darren  Read Replies (1) of 61433
 
Re: "Any chart guys out there have an opinion on the support level today? We came up off of 1/8 awhile ago. Does anyone see 40 being tested today?"

Based on S&P Futures, it's amazing ASND got to 40 1/8 today. It bounced pretty quickly...My prediction to say that it will break below 40 tomorrow -- 41 @ 9:45, maybe 41 1/2 @ 10:30a, and then down til lunch, a small spike up at lunch, then down again...

The big question is tomorrow afternoon, beginning at 2:30p. If the 2:30p to 4:00p slot is down, the market can be considered to be in a correction. If not, then I have no freaking idea what is going to happen next...it's the afternoon session that I expect it to blow 40...

DISCLAIMER: Don't trade off this information, even though I do...I can't afford the shareholder lawsuit...and you shouldn't be getting stock tips from the internet...
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