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

To: Bill Boy who wrote (37290)	3/4/1998 5:29:00 AM
From: tepli	Read Replies (1) \| Respond to of 61433

Bill, You're right. Breaking 200 dma is not that significant alone, we need some fundamental support too. (Good Q1, new products, etc.) But, I do believe we are heading higher. My target range is 45-50 by August. With or without a takeover. (50 pct. upside). Now, during the March period we might face some serious volatility because of: 1. profit warnings (They blame Asia, I hope Europe can compensate). 2. Nasdaq is up 11 % YTD. Needs a breather. 3. The most bullish chart today (unfortunately) is the US 30Y Treasury yield chart. Yield can easily back up to 6.50 level. Fridays payroll will tell... regards tepli