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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (19178)	10/27/1997 1:28:00 PM
From: Andie Wei-Ku Lin	Read Replies (2) \| Respond to of 61433

A "healthy correction" is one which stops at a strong support level and reverse. We are testing the May/June highs on the NDX at ~988. If we break, we are going down to ~950. This is more than heathly correction...just short of panic. This can be seen be watching how the selling takes place, not by looking at the net change number. Regarding Ascend, it is very discouraging, as most stocks are are already down will weather a storm fairly well...Ascend has not. It was already down significantly...and then came down much more. Ascend is no longer considered a first-tier stock, thus for it to recover will require an overall market recovery.