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

To: Peppe who wrote (6842)	10/5/1998 2:32:00 PM
From: Doug	Respond to of 18016

Peppe: The primary wave shows no sign of basing and looks headed for the 7500 level. This support is likely to be tested some time in the coming weeks. If this holds up and rebounds with +ve momentum, you might then consider the secondary wave be it any XX. As for NN it is lying in limbo with the next support at the $14+ level. If there is another assault, the MM's will likely take out the Stop Loss generally found just above a support. Because of irrational depression, valuations now have little meaning. Instead, look for low Volume for atleast 2 weeks in succession. This usually suggest "Selling due to fear" is ending. Once the primary shows stability, you might nibble and nibble only on a 15 day interval. This market may have many surprises.