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


To: Narotham Reddy who wrote (46708)5/12/1998 4:10:00 PM
From: Darren  Respond to of 61433
 
Closed down 1/8 @ 44 13/16...

Did you see the resistance at the pivot, 13/16? MLCO was selling like crazy. In the last three minutes SBSH tried to run it up a little...

This doesn't look good for tomorrow to a day-trader. No strong signal for tomorrow morning, and it didn't cross that resistance point. We never got near 43 today, maybe tomorrow...it was MLCO and DAIN vs. the day-traders today.



To: Narotham Reddy who wrote (46708)5/12/1998 4:12:00 PM
From: gbh  Read Replies (3) | Respond to of 61433
 
Anyone have an idea what powered the broad market rally late in the day? Maybe some speculation on a good PPI number tomorrow? Maybe the long bond nudging back below 6? Who knows? Kind of disappointing ASND didn't participate. Oh well, down on an up day; up on a down day; thats kind of par for the course. Anyway, how about COMS bouncing of 30. Don't own 'em, but 30 may be the bottom.

Gary