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Technology Stocks : NEXTEL
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To: eric podell who wrote (5286)3/24/1998 4:51:00 PM
From: Arnie Doolittle  Read Replies (1) of 10227
 
Eric, CNBC doesn't make sense to me as an advertising medium because it's daytime audience is a bunch of geezers watching the market. Mobile workers are out mobiling.

Substantial resistance at 33? Where? What dates? I think a better case could be made for 35 but neither one is a major stumbling block. The key feature of the weekly chart is the cup and handle formation which began in 7/94 when the stock fell below 30. We're currently on the upper edge of the handle's right side, just waiting to break forcefully to the upside. It's coming, we just don't know when. You'll notice that when volume dries up that it's the sellers that are absent, not buyers, and the stock moves up accordingly. This stock is one significant news release away from breaking out to the upside. 1st qtr. adds may be it. As for our proper title, I think it's NEXTillionaires. :-)

Arnie

Arnie
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