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

To: vegetarian who wrote (28267)	12/18/1997 11:42:00 AM
From: jeff wheatley	Respond to of 61433

OT M. carter, I wonder if we're looking at the same right shoulders. The one I see, which peaked 12/1 at 81.25, shows far less volume in its buildup than the left shoulder or head, peaks at 5/27 and 8/6. My reservations have to do with the sell-offs from the LS and H which seem heavier than they should ideally. Weekly OBV, however, seems to more or less backup the correct V patterns. I think it's a good canidate though it's difficult to imagine it going to a projected target of low 40s. I'm a little leery of all formations including tealeaves; that's why they're called possible H/S's. In any case everybody should watch for reversals, whatever their reason for taking a position. One thing is certain though: INTC just broke an important support.