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Technology Stocks : NEXTEL
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To: Erik H. East who wrote (5754)4/21/1998 3:53:00 PM
From: Ken Benes  Read Replies (2) of 10227
 
This is a very rare day for nextel. At no point during the course of the day did any buying appear. As we approach the close, the selling is continuing. During the course of the day, we have fallen thru trendlines, a 50 day ma, and important lines of support. I believe nextel has suffered a degree of technical damage that is going to require some time to overcome. New highs this summer do not appear imminent at this time.

Ken
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