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

To: Beachside Bill who wrote (20104)	10/31/1997 12:58:00 AM
From: Andie Wei-Ku Lin	Read Replies (1) \| Respond to of 61433

I don't use the RSI or MFI indicators, so I can't comment intelligibly on those. My own indicators show a bullish divergence FORMING on a weekly chart. The price and indicator pattern earlier this month were similar to that in the latter half of April. However, going back just 6-7 days ago, the indicators were, in fact, showing an overbought condition, mainly because Ascend did not move upwards at all during the entire first half of this month. A sideways movement on rising volume will cause my indicators to move toward overbought...which is what we see in Ascend for Oct. I am still pointing at ~40 by the end of November, other factors aside...based on TA only.