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

To: Jeffery E. Forrest who wrote (43737)	4/11/1998 2:20:00 AM
From: Inga	Read Replies (1) \| Respond to of 61433

I am not a Fundamental Analyst so cannot comment on what you have said in that regards, but it's garbage if it is even a FRACTION as poor as your TECHNICAL analysis. Thank you for offering your differences of interpretation. Differences in interpretations make the market. I sometimes wonder why smart people are doing TA without fundamental analysis. Charts are really worthless or actual garbage without FA. Chart patterns give additional short-term clues to FA. By itself, chart patterns do not mean much and do not work most of the time. Otherwise, we would not have time to count how many SI members become millionaires. Let's wait and see the results next week. Good luck to you anyway if you do short without protection based upon your interpretation.

To: Jeffery E. Forrest who wrote (43737)	4/11/1998 8:54:00 AM
From: Jack Colton	Read Replies (1) \| Respond to of 61433

2. candlestick forms a "morning star" on April 6-7-8 First- a Morning Star HAS to be at the end of a substantial down trend. The first Candle must be a LONG Black Candle, Second candle a small body candle of any color and the third one a long WHITE Candle. Second- NONE of the Candle Bodies MAY TOUCH, PERIOD. As can be plainly seen, the candle of the 7th pierces quite a ways into the previous candle of Jack be nimble, Jack be quick, Jack's gonna jump over that candle schtick! And so is ASND's price next week! just jack

To: Jeffery E. Forrest who wrote (43737)	4/11/1998 11:54:00 AM
From: username	Read Replies (4) \| Respond to of 61433

<<your TA is atrocious>> You could be right, I have not seen Inga's TA up close so cannot form a valid opinion. My view is at odds with both of you, but I am a rookie at this candlestick thing. There is nothing too complex about the chart, IMHO. The early Sushi Half Order bottom was negated before February. After that, the stock slowly formed the precursor Thai Stick formation and confirmed with the Concubine Moon and Stars at around 28 and change. From there it was simply a question of a retrace (Stinking Mud of Mt. Fuji) or a move up (Swelling Concubine with Tempura and Kirin). We were hoping for the Concubine gap to be filled (the Happy Samurai), but instead the Giant Flyer Over Tokyo hit in mid Feb. and we were playing a "waiting game". No way to tell exactly what will happen next week IMHO, but I look for a Small Sword With Enemy's Head before Wednesday. The confirmation of the Flying Nun-Chuks pattern and a hold at 38 or better should hold the stock above 37. Options expiration should be interesting; last month the "rule" didn't hold up. pete