Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Mighty Mizzou who wrote (50786)	7/30/1998 3:10:00 PM
From: Mighty Mizzou	Read Replies (1) of 61433

ASND in CBS Newswatch Market Snapshot: ASND will lead on the upside! "The Dow is building support in the 8,800-to-8,900 range, but the problem is that other indexes like the Russell 2000, Dow Transports, and Nasdaq are failing to do the same," said Robert Dickey, managing director of technical research at Dain Rauscher Wessels. "With the market still firmly locked in a correction mode, it's likely that the Dow will also succumb to further downside pressure in the weeks to come. "There appears to be at least two weeks of potential downside and testing ahead before the market will regroup enough to rally with any conviction," Dickey said. "In the meantime, the strong stocks like Cisco, Dell, and Ascend will stay that way and will lead on the upside again once the bottom is behind us."

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