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

To: Dennis R. Duke who wrote (44809)	4/18/1998 2:30:00 AM
From: Peter Yang	Respond to of 61433

>>ASND should RUN to 50. I am a technician. ASND just formed a classic GOLDEN CROSS, the 50 day moving avg. just crossed the 200 day.<< Dennis, Looks like that guy is a fake (chart) technician. Maybe he meant he is some other technician such as electrical technician, etc.. If both 50 and 200 MAs are up and crossed, it's very bullish and normally there should be a big runup from here. However, in the case of ASND, 50 MA is up, but 200 MA is falling(DOWN). They crossed yesterday and it DOESN'T mean anything. The TA on ASND is good, but THERE'S NO COLDEN CROSS.

To: Dennis R. Duke who wrote (44809)	4/18/1998 4:12:00 AM
From: Sowbug	Respond to of 61433

ASND just formed a classic GOLDEN CROSS, the 50 day moving avg. just crossed the 200 day. This is one of the most beautiful and clean crosses we have seen in a long time, and on decent volume. Dennis, I understand moving averages, support, and resistance, but I honestly can't tell the difference between jokester TA and real TA. I've seen crosses, sunrises, stars, throwing stars, twinkle stars, porno stars, pyramids, beeramids, bands, candlesticks, death sticks, black candles, and votive candles, and I don't know who's kidding and who's serious. I have no aversion to shelling out cash to buy books. Do real books exist that explain this Psychic Friend stuff?