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


To: Ken Benes who wrote (3501)12/7/1997 9:36:00 PM
From: Ed Pittman  Respond to of 10227
 
Ken...If that is correct then we should not close any lower than Fridays close. It broke the uptrend but closed on the trendline..So, I just call a move like that a probe.. The next few days should confrim your software analysis. I'm ready to jump in with my other foot.<G>

Thanks for the report..
Ed



To: Ken Benes who wrote (3501)12/8/1997 2:26:00 AM
From: Al Gutkin  Read Replies (1) | Respond to of 10227
 
Ken: You guys may be comparing apples to oranges, but you're good at it.

If NXTL numbes are being distorted, due to an unusual sale of, lets say 10 mil shares, how does that fit within a normal analysis. The figures have to be skewed. Or should I say screwed. This would distort what you are trying to do, wouldn't it?

It seems to me that comparisons are only good if the facts stay the same. In a normal marketed stock, heavy sales at the same level indicate strength building, like Nextel did at the 27 range. Then suddenly, against market tendencies, the stock falls on higher than normal activity. To me this means that the support has been broken at the 27 level and now is being manipulated to be at the 24 range. If this continues, the strenght will fall to the 22 range. To me this means that growth back up will take much longer than anticipated, as it cycles up and down with market emotion.

I don't see how the analyser can be used as an accurate tool, help me out with this one.

To Bernie: I'll bet she's in Fla with bags of money<VVBG> She is the one useing the Sprint Cellular Phone.

Regards:

tool time Al.........