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

To: Tim Luke who wrote (54886)	9/30/1998 12:54:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 61433

Good time to scalp a point!

To: Tim Luke who wrote (54886)	9/30/1998 1:24:00 PM
From: JH	Respond to of 61433

<down over 4 on low volume isn't a good sign> On the contrary, low volume suggests low conviction. Can attribute some of this "forced" selling to end-of-qtr window dressing and panicky short term buyers who bought close to the top when the LU takeover rumors finally made the front pages of mass media. TA suggests that 42-1/2 and 34-5/8 are significant Fibonacci retracement levels on the 1-yr chart for ASND. IMO, the smart money will emerge to aggressively support 42-1/2. If this level holds during the next couple of days, the probability of a significant rebound is high.