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

To: Peter Yang who wrote (37770)	3/5/1998 10:44:00 AM
From: FUZFO	Read Replies (3) \| Respond to of 61433

Guys, Here's my 2 cents worth of a simple TA. Looking at daily chart of asnd since the uptrend began around 1/1. We have 3 inflection point lows on 1/12, 1/27, and now 3/5. Highs on 1/7, 1/20, 2/27. Drawing lines through each gives a channel, the upside of which is diverging just a little as we go on in time. Todays action fits perfectly on the bottom of the channel. Extrapolating the channel forward in time gives me: By 4/1 channel low = 38 channel high = 43 By 5/1 channel low = 42 channel high = 47 1/2 Don't laugh, many technicians use this, in fact there was a guy on last nights NBR predicting DOW 9000 based on exactly the same technique. FWIW. Fuzfo