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

To: username who wrote (33796)	2/7/1998 12:59:00 PM
From: Daniel W. Koehler	Read Replies (2) \| Respond to of 61433

Pete Chapter 8 on gaps talks about light volume gaps as being the ones least likely to be filled quickly. If you look at December gap, it was quickly filled because it was news-driven (rumor) and a heavy volume. Last week's gap was on much lighter volume and therefore, according to De Mark, should have a better chance of remaining unfilled longer. He also states that gaps that are not filled in the ensuing 11 days probably won't be for sometime. There is also the issue of breaking above the 50 day MA. Was this due merely to the whole sector rallying after CSCO's earnings release? Did yo see CSCo rally 2 pts in the last 10 minutes of trading Friday? Could be carryover to Monday for entire sector! I guess I'm making the case for the rally continuing next week although if we gap up next week on heavy volume i'm selling into it. Ciao, pete Daniel P.S. Bad luck about the 'bone. Keep the Zildzians they're like Kruggerrands! BTW, interesting show on TLC about Zildzian company and their secret formula for making the alloy for the cymbals. Formula dates back to 1500's.