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

To: Ed Pittman who wrote (3307)	11/20/1997 5:11:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 10227

ED: I am sorry I did not get back to you with my Elliot Wave analysis. I was in the process of updating my computer system to a new 300 mgz, Pentium II model, and a lot of the programs including my Elliot Wave Analyzer required new codes, before they would operate again. Yesterday, I was up and running and in brief, my software shows the beginning of an impulse wave beginning of May this year. Wave l has been completed and we are in a corrective three wave zig zag pattern of wave two. The interesting point is that wave two of the corrective zig zag is nearing completion with a final leg down before entering the powerful third wave of an intermediate impulse. The software targets the end of the corrective wave three at 23.45 before the third wave continues. I offer this information up only in the context of your comments on the Elliot wave as it pertains to NXTL at the present time. I myself use the Elliot wave analysis only as a component in supporting my readings on the more tradional TA models. Currently, the Elliot Wave Analysis is supporting what appears to be a continuing correction in NXTL. A failure to reach its old high with the release of third quarter info, which was excellent, portents a continuation of a corrective phase for this stock. Ken