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Technology Stocks : Nortel Networks (NT)
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To: Paul Shread who wrote (792)9/17/1998 5:02:00 PM
From: Bosco  Read Replies (2) of 14638
 
Dear Paul - after my last post, I thought about it. From the technical perspective, maybe we are still ok [or I am making myself to feel better <sg>.] As a BAY carryover, if memory serves [Paul F and others can verify,] the old BAY support was 22.5. This makes the real support at 38 * .6 = 22.5.

Of course, the sharp drop today, especially at the close, smells more than just an in-sympathy-with-ALA situation. If there is any impending news driving down the stock, TA will be fairly meaningless. I hope not though.

best, Bosco
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