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

To: Jorj X Mckie who wrote (31312)	1/20/1998 9:29:00 PM
From: Ms. X	Respond to of 61433

All TA is supposed to do is give you a better success at trading. Averages, don't ya know. Married with fundamentals, your chance of success doubles. Determining your risk level, several indicators need to be looked at. To save time I'll just add that the sector in which ASND lies has been down but I am checking the numbers to see if there has been positive movement since last week. With the sector in negative mode one must understand that ASND as well as any other, is at a disadvantage to any upward movement. When the sector reverses up, ASND should have an easier time of things. Now about ASND itself: I agree with your analysis and the only thing I would add is that the chart is a little disorganized. I would like to see ASND break through their bearish resistance line at 37. They have resistance as you outlined, before being able to accomplish this. On a positive note their daily and weekly momentum have been positive for some time but their monthly momentum won't cross positive until 44. On an even more positive side and most importantly...The relative strength has reversed up suggesting higher stock price to come. This indicator is very important and I am happy to see it has reversed. So, with daily/weekly momentum positive, RS reversed up, higher bottoms, breaking two double tops I'd guess, ASND will make its investors very happy indeed. Especially once the sector reverses up. Oh, on a vertical count I see the stock moving to 36, short term. Nice TA Tom...