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

To: Mark Duper who wrote (47093)	5/18/1998 11:13:00 PM
From: Darren	Respond to of 61433

Actually, my only personal analysis is a 30 day S&P futures chart, which I can't transpose into SI. But the 1106.6 number came from Jerry Favors via CNBC on Friday. I have also seen 1100 quoted in "Wall Street Whispers," which is a research report I get daily. The third source was someone's TA I read about in the Big Kahuna thread, I believe...they also used 1100... I don't claim to be any type of TA specialist, but everybody seems to be pointing at the same level...my chart shows two triangles pointing toward 1116, one pathing the recent highs on the S&P, the the other following the lows. The trading range has gotten tighter as the FOMC approaches, but today, there was essentially a breakout down. I personally had expected a breakout up after the FOMC because the support line seemed stronger. So you'll notice I didn't say: WE WILL CORRECT! SELL! SELL! SELL! THE SKY IS FALLING! I just re-stated what had already been reported. If you prefer some other form of analysis, then why don't you show us...no BS, now.