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


To: FUZFO who wrote (41573)3/30/1998 4:07:00 PM
From: username  Respond to of 61433
 
LOL! Hey, Fuz, don't go by me for intra-day trades!!! I use 7 different filters for resitance levels, and I use them for medium/long term resistance and support. I'm giving you approximations in round numbers; one filter says 38 9/16, one says 38 1/4...you get the idea. I have personally found that a 3 minute and 2 minute tick chart with 13 period RSI, 13 period momentum, and 50 period MA (all three indicators on both charts) are pretty good short term signals for me.

ASND is holding really well today, so depending upon where you got in, I would be looking for an exit above 38 3/4 on a short term trade. My disclaimer: I am long at 24 1/2 and I am not selling at 38 3/4.