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

To: Doug who wrote (11611)	5/25/1999 3:33:00 PM
From: Doug	Read Replies (1) \| Respond to of 18016

NASD slips below its 100 e.m.a. with a 12-26-9 MACD Sell signal and confirmed by the PVI divergence. A -ve breakout is now feasible.

To: Doug who wrote (11611)	5/26/1999 10:55:00 AM
From: Robert	Read Replies (3) \| Respond to of 18016

Hi Doug, US $28 is an important level, as you suggest. I see 2 possibilities: The first scenario is a continuation downwards to the next support level at $24. The second scenario is more bullish in having the $28 level hold, with the stock forming a reverse head and shoulders pattern. I see $24 as a worst-case situation, and favor the latter if the market doesn't stall further. Newbridge is therefore near a bottom that makes it a "near term accumulate" by the Rankin rating system (joke)....Regards, Robert