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

To: Alok Sinha who wrote (29271)	1/4/1998 8:36:00 AM
From: username	Read Replies (1) \| Respond to of 61433

Alok, re: KMAG thank you. pete

To: Alok Sinha who wrote (29271)	1/4/1998 12:29:00 PM
From: username	Read Replies (1) \| Respond to of 61433

Alok: Off Topic Re: KMAG Preliminary TA (no fundamentals yet) show a bottom of the current formation at 10 7/8. However, the stock has formed the first part of a very reliable accumulation pattern as well. It may be that if the accumulation pattern is taken to fruition, the bottom may be higher than 10 7/8, but my preliminary guesstimate is that the low number is probably close. The accumulation pattern is very rare, so at this point, (based entirely on TA, remember), I would look for more weakness prior to a turnaround on the chart. Additionally, "traditional" TA says this chart looks really grim. I'll be doing more research on this issue and I'll e-mail you if I see something real interesting. pete