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

To: gbh who wrote (43642)	4/10/1998 3:59:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 61433

Inconsistent? I don't think so. Like I said, I just don't see the same importance being placed on these silly whisper numbers as I did a few quarters ago. There very definitely were "whispers" of 28-30 though. (28 was the "whisper" I heard most often, so ASND didn't "blow" the whisper badly in the first place) Gap- Actually I'm talking about filling the 3rd gap we formed at 38.38-38.50, NOT the one at 35. The one at 35 is pretty much dead IMO. If they got into big trouble somehow, that's where you'd look for MAJOR support. I just don't see it going to 35 at this juncture though. I DO see the 3rd gap needing to be filled and I bet it happens first thing next week as it bounces around finding equilibrium(which we KNOW it will.) I think that's an EXCELLENT place to be looking to pick up some shares if your a bull. I also see that as the downside limit. It WILL NOT close under 38.38. If it DID, it would spell big trouble. The 3 gaps, dark cloud cover, etc. show that this thing is being played alot of different ways and will need to "shake it out", before it can move. That could happen quickly. As you can see by the MANY varying opinions on the thread there are MANY different positions that will have to be unwound before ANY movement, UP OR DOWN, can be sustained.