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

To: Joseph Colombo who wrote (52994)	8/27/1998 7:11:00 PM
From: Taylor Caruthers	Respond to of 61433

I don't know much about ASND's fundamentals and I have heard about the LU takeovers for awhile, however, today's price action for ASND was very negative. ASND broke the neckline of a Head & Shoulders chart formation that started on June 1. This line was broken when ASND fell thru $41.25. This is very negative for the short term price of ASND and the next level of support is $31.50. I am neither short or long ASND currently. But if I see it will follow through to the downside then it will be a quick ride down. Good luck and be very careful with ASND. It has a tendancy to suck you in at times.