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

To: gerard mangiardi who wrote (36866)	3/1/1998 1:39:00 PM
From: Glenn D. Rudolph	Respond to of 61433

I was looking at chart of asnd last night and noticed that not only had it penetrated the 200 day ma but that looking back over the last year 37 or so was point of major upside resistance. Any thoughts on the importance of this? Gerard, I am certain this directed at everyone. I do not do well with TA so cannot make an educated comment. Glenn

To: gerard mangiardi who wrote (36866)	3/1/1998 2:23:00 PM
From: Wesley Zega	Respond to of 61433

>>>I was looking at chart of asnd<<< I was too and noticed we are close to filling the gap that occurred in early september at 40. To the TA guys - doesn't a stock usually fill any gaps when recovering from it's lows.

To: gerard mangiardi who wrote (36866)	3/1/1998 5:26:00 PM
From: Jay Plummer	Read Replies (1) \| Respond to of 61433

Gerard, Looks like ASND has filled the gap at 35 and is attempting to fill the gap from 38-40 that was made last October. Looking at the yearly graph plotted daily, I see a head and shoulders bottom forming. The only problem is volume is low on the breakout. The near term price target for this breakout is around 45 as I see it. That's the thing about TA, everyone sees a different picture. I think this stock will break out on large volume soon above 40. Then it will pause and go to 45 near term. Jay