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

To: Peppe who wrote (6793)	10/1/1998 10:35:00 PM
From: Luc Glinas	Read Replies (1) \| Respond to of 18016

The bottom is 0$, anything is possible. So lomg Luc

To: Peppe who wrote (6793)	10/2/1998 11:49:00 AM
From: Doug	Read Replies (3) \| Respond to of 18016

Peppe: T.A says NO for following reason. The DOW had a climax selling followed by a rise without momentum. This usually suggest the rise was false. My earlier post indicated this. The primary down leg is now here. Now that we are in a down trend, we are likely to retest the low. Because of -ve sentiment, the DOW could overshoot the low to the 7000- level. Thereafter if momentum increases on the up leg, it will signal a bottom. If this does not happen, we will hold in a tight trading range and wait for another trend line to develop. Having considered the primary wave, we now can consider NN. NN is in limbo having made a new low yesterday. The next support is a few points below. I would have been more comfortable if it was close to a proven support. Unfortunately,at this point the primary can exert an influence on NN which suggest it can go lower.