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To: Shack who wrote (115882)4/1/2005 11:34:32 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
NXTL......Agree could be interesting....but chart is a ringer for your beloved XBD, Shack....A nice rectangle, but those are AC/DCs, and can go either way, so I would want to be reassured by a little more confirmation that it's really thinking up.

btw.....NXTL one of my old flames.....got something like a double out of it late 2002-early 2004....



To: Shack who wrote (115882)4/2/2005 10:43:10 AM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
NXTL flag measures to $33.50. Nice pickup there. Good chance of meeting that target, IMO. I'm not sure about much higher, however.



To: Shack who wrote (115882)4/2/2005 12:00:42 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
BTW...and FWIW.......always a little puzzled why you settle on unproven situations like NXTL.......and seemingly ignore strong, proven situations (insofar as that is possible with TA/EW...g) like WDC......

I did descend into the wiggles, and I see what interests you...... and you've explained your "style" to me many times........so no reply necessary.....<G>



To: Shack who wrote (115882)4/2/2005 9:28:41 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
NXTL - I am not sure, I think it is set up to go either way.

The stock may have completed 5 waves up since the summer of 2002. The count is fairly straightforward: W3 ended in January 2004. The (possible) W5 since last summer equals 78.6% of W1. Together, W3 and W5 equal 162% of W1. These are curious, and possibly meaningful relationships.

On 120 min, the decline since Jan 3 top looks rather impulsive, and the following rally was a "three". The stock might be close to starting a large acceleration down. Of course, this year's action could also have been a bullish consolidation.

Imho, the setup is very interesting, but I'd watch it for now.