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

To: The Phoenix who wrote (32546)	1/29/1998 7:50:00 PM
From: William Vu	Read Replies (1) \| Respond to of 61433

Gary: People are missing you on the PAIR thread. WV

To: The Phoenix who wrote (32546)	1/29/1998 11:48:00 PM
From: Ms. X	Respond to of 61433

Want to know why Gary... Well, I'd be happy to tell you. Ascend has been trading below its bearish resistance line since August (Cisco has been predominantly above its BULLISH support line since August). The relative strength (how it trades compared to the rest of the market) has been negative and on a sell signal since June. It did just reverse up in January suggesting it should start performing better. With that reversal it has managed to give some buy signals off the bottom however, the daily momentum is negative. It has created higher bottoms with the buy signals, which is good, and might present an opportunity for bottom fish players. I personaly wouldn't consider this stock until it can break its bearish resistance line at 37 and the sector reverses up. Too many things stacked against it. Cisco is a better buy even at its lofty levels. I brought up Cisco since you compared the two. Regards, P&F