Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

3:59 PM EST

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To: Narotham Reddy who wrote (47770)	5/30/1998 4:39:00 PM
From: Darren	Read Replies (1) of 61433

Any comment on this DOW T.A I don't see how the Dow could not drop below 8,900 this week, and I wouldn't be surprised to see 8,600. But at 8,600-8,500, people won't be able to contain their buying patterns -- it'll be a greed frenzy. The last two times we went into a Bear market in the summer were 1971 and 1981. I have trouble seeing how 1998 correlates to either of these years in any manner, from Fed rates to the economy to stock valuations to the world economy to international diplomacy. Just look for the candlestick spring and be patient...we're going up at least one more time before October. Forget the babble. Earnings move markets and earnings are still good (not the best ever, but too good for a bear market).

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