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Technology Stocks : Ascend Communications (ASND)

ASND 210.91

-0.8%

3:59 PM EST

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To: Jeff Jordan who wrote (47767)	5/29/1998 8:22:00 PM
From: Narotham Reddy	Read Replies (2) of 61433

Any comment on this DOW T.A "We believe this market is looking for a leader. Either heading up or down. A catalyst is required here. The situation in Asia will probably determine which way the market will go. We expect the OPEC countries and Oil Prices to be the wild card here. If Dow does not drop below the 8,905 this week which was the low of last week, we will see that as a bullish sign and we will then look for Dow to reach 9,350-9,400 shortly. If Dow drops below 8,905 we see that as a bearish sign. We then expect the market to drop back to 8,600-8,700 fairly fast."

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