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


To: Gary Korn who wrote (30601)1/15/1998 4:14:00 PM
From: Peter Yang  Respond to of 61433
 
Cool! SUNW beats estimate by .03, and I hope that's going to stablize the tech for a few days.



To: Gary Korn who wrote (30601)1/15/1998 4:25:00 PM
From: username  Read Replies (1) | Respond to of 61433
 
Tomorrrow's projected daily range:

high 29 1/8
low 28

Once again, to paraphrase DeMark; on the short term, if the price opens outside the projected range, anticipate a continued move in that direction, and adjust the support and/or resistance accordingly, i.e. if open is above 29 1/8, that is the new support level. If open is below 28, that is the new resistance level. And, a reminder that ASND broke out of the range late in the day yesterday on double the volume of the prior day, (and broke out on the downside today on much lighter volume).
best,

pete