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

To: gbh who wrote (55047)	10/5/1998 3:31:00 PM
From: George T. Santamaria	Read Replies (1) \| Respond to of 61433

ASND is the kind of stock where most TA is absolutely worthless because there has been so much speculation on the ASND buyout. I do not pretend to be a technical guru. The little tool I devised, sometimes called MACD by professionals, happened to work once. You are are right, when ASND raced up to 49, I did feel like I was missing the big movement that many had thought would be occurring when LU would be permitted to use POI. A year ago, I was averaging up a losing position in ASND only to watch it sink lower. Expensive training as I got out almost whole. I think that the MACD has no great predictive powers. Some analysis that I've done convinces me that with the way I've set the parameters, i.e. 20dMA-50dMA,it is very good at detecting change while filtering out most of the day-to-day clutter or "noise" that normally occurs when one watches a stock too intently. The 20d/50d MACD, as I should call it, is only a supplement to one's judgement. My advice -- wait till after Halloween!