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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Ken Benes who wrote (2630)	10/21/1997 10:42:00 PM
From: Ed Pittman	Respond to of 10227

Ken I agree with the repeating patterns..But, I think this is different... Nextel set its uptrend line at the beginning...And has not been broken until Friday... There is the difference..Since that period it has stayed under its downtrend line. On Monday toward the close it gap down ..Then on todays open it gap up not making a higher high than Monday. Then it went sideways besides a quick blimp down to 27.65 then back up to 28..for 3/4 of the day...This was a day when Naq. was up 29.+ it then blimped up to 28.40 and sold off fast to its close.. It appears to be coiling up...For a big break up or down..Two inside days in a row.. By my work we should know by Thursday.. I'm looking for a high on Wed of 28.25..Anything higher would break the downtrend line. If we got a outside day that may change my mind... My indicators are no higher high this month.. What will happen...Its anyones guess..I'm watch the downtrend line and any outside days...That's when I will cover my put position. Good luck with your investment.. Ed