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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (5890)	8/6/1998 10:42:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 18016

Hi Pat, as you know I'm a NN fan. I don't like the fact that its broken under 20. On a long chart the next major support goes bact to '94-95 time frame at 17.5-18 and 15... depending on how TA one wants to get. I feel the lows of the current run will be the bottom. I'm watching for normal reversal signs like buying on bad news, block trades positive and especially the psychological climate perhaps changing as early as this weekend through the next two weeks if Japan announces a capital gains positive tax policy and/or lower rates. Good luck to all.. when the charts blip and chirp I'll let you know. Jim