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

To: Doug who wrote (11737)	6/3/1999 2:29:00 AM
From: nick cash	Respond to of 18016

doug, as i said b4, my ta technique actually views a breach of support and close below as a bullish indicator IF (a big if) the stock bounces back and closes above over the next couple of days (preferably the day after- ie tomorrow). all that said, i would obviously view todays activity as negative as nn's high was its open, it didn't have the strength to really bounce all day and had increased volume with the decline thru 27. the action in the stock was kind of weird today, but that was the case for a lot of stocks i was tracking. not a very convincing bounce in the naz today as i saw it. all imo only....nick