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Technology Stocks : Newbridge Networks
NN 14.52+6.1%3:59 PM EST
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To: Rob C. who wrote (9393)2/5/1999 1:00:00 PM
From: Doug   of 18016
 
R.C: The A/D ratio is quite atrocious and abnormal for a market at its high. The news downstream (+3 to 6 mths) is certainly going to be more negative than now. The odds of a market correction are quite high and I would not be surprised if some of the Techs gave up 50% of their recent gains.

They certainly cannot go much higher with their current valuations.So to provide market conditions (trading activity) they must come down to allow others to participate.

Based on that if I could afford the bet , I would favor the Sell off condition.
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