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

To: Peter Yang who wrote (40392)	3/21/1998 1:04:00 AM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 61433

it seems ASND has strong support around 32. Good support at 31.25-31.75 from the RISING WINDOW that was formed the first week of FEB. (2/4-2/5) If it closes under that window (31.25) it would mean BIG TROUBLE. We can restest it on an intraday basis and it won't matter, but a close under that would be disasterous. That would also be a solid close under the 50DMA that we have discussed. Inre 50DMA- TWO CONSECUTIVE days under the 50DMA would be bearish. The entire Candle (body & Shadows) would have to be under the 50DMA. As long as we keep straddling it as we have, we are okay. I LIKE the way the chart is shaping up. We have held support, are VERY OVERSOLD, MoneyFlow, Williams A/D, Ultimate Oscillator all showing accumulation and bullish divergences. Should be some choppy action as it regains it's footing. Good for trading. I'm looking for trades between here and 35ish (200DMA) Good Luck