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Technology Stocks : NEXTEL

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To: Arnie Doolittle who wrote (4782)2/21/1998 5:26:00 PM
From: Ed Pittman  Read Replies (2) of 10227
 
Arnie..
Isn't it great how two people can look at a chart of a stock and get two different reads.<G>
Take for Friday..Sold off on the open then bounced back to a DOUBLE top and sold off again without making a higher high...Well Arnie I think you have seen the high for the month of FEB. Next week is going to be a killer..
Arnie I have an indicator that is giving me reads on accumulation..It has not shown any..Now I haven't recieived the readings for Thursday or Friday..Until this shows accumulation, I find it had to get excited about the stock. I know Ken has been reading real time buying, and I know Ken to be a very knowledgeable in his investing..But, I have shown Ken this chart and I'm going to let the chip fall as they may.
If I find on this TVI cumulative chart to show accumulation, then i will look for an entry price to get in..Until then my plan, stays as planned.
Good luck...
Ed

P.S...By the way...My bottom target is not 22...22 will not hold..just like 26 didn't hold. Will it get there? I don't know, as I use a timing date and whatever the price is at that time is when I will buy..
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