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Technology Stocks : NEXTEL
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To: Ken Benes who wrote (5971)5/7/1998 2:57:00 PM
From: Ken Benes  Read Replies (2) of 10227
 
We are nearing the fibonnacci 66.6% retracement of the move from January 9, 1998. A little more and the 200 day ma is going to be a big test of what this stock has.
It is 3:00 PM and there has not been one rally during this day and the stock is falling thru all its stops. No support from the mm. When these guys start buying we will know we are at the bottom. It is hard to imagine they are accumulating for a run up. It appears more likely the stock is settling back to its old trading range prior to the S&P noise.

Ken
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