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Technology Stocks : Newbridge Networks

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To: Tunica Albuginea who wrote (2650)	1/7/1998 3:12:00 PM
From: nick cash	Read Replies (1) of 18016

boy is this a good example of being patient and waiting for confirmation. despite all appearances yesterday the last hour turned ugly and the close was very weak which is highly weighted in my technical model. i almost pulled the trigger but thankfully waited to see the closing action (as i mentioned yesterday)and stayed away. nn is much weaker than the mkt today on higher volume than the advance so the dead cat vs. real recovery is certainly unclear at this point. i will stay away until i see more positive action. 39's resist signif is now increased. all imo only....nick

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