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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: telecomguy who wrote (6746)	9/8/2000 4:32:25 PM
From: FNS	Read Replies (2) \| Respond to of 14638

NT broke down firstly at 79 and then at 75 IMHO on the chart. Important now that we hold in the 70-72 area. I haven't seen any major negative news to cause much further decline short term so would guess all this due to NASD impact and negative articles on Tele market...and perhaps that optical stocks like GLW, Cien, JDSU and NT are/were a little bit rich. Hopefully, this shakeout will complete itself and then next week start some consolidation and upward move. The NASD could still further correct and that means further impact NT. Sector out of favor!!! The big Q is where do we go from here short term??? Thanks in advance for comments! FNS