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

To: Jose A. Almodovar who wrote (43720)	4/11/1998 12:36:00 PM
From: username	Read Replies (1) \| Respond to of 61433

<<there must be some logical explanation for using TA.>> Yeah, I am still trying to find it. It's voodoo, according to my buddy Neil. To answer your question, I use TA as a "filter" meaning that it is part of the package I use to evaluate a stock's potential performance. The 2 main ways I use it are for long term trades (I don't short stock but I do buy puts) and for very short term analysis (to give me a clue on entry and exit points for stock and options trades). ASND is a good example; I won't get into the options trades I've done, but I got a buy signal on ASND at 24 1/2. I had waited over 3 months to initiate a position. I had done a lot of homework on the stock, and had formed an opinion that I would buy it based on a lot of fundamental analysis that is too involved to get into on this post. Once I'd formed the opinion, I waited for my TA signal to show, which it did, and away I went. Currently, my chart shows a high for ASND of 57. Your next question is when. My answer is I don't know. When it gets to 49, I'll have a double in less than 6 months. At that point, I'll form a new opinion. If you read my posts (the serious ones) you know I ain't shy about expressing my opinion, and I have posted all the TA stuff I use on this thread, (most recently the short term filters I watch). The significant TA signal that I have been successful with in the past 12 months for long term positions is this one: Subject 13988 and here is a recent post on something I like to use: Message 4025997