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


To: Jay8088 who wrote (3899)12/30/1997 12:03:00 AM
From: Ed Pittman  Read Replies (1) | Respond to of 10227
 
jay...
Yes short term bullish...And it may end sooner than I think...We have to get over the downtrendline...If not then down we go to 22 again...Watch it carefully..if it breaks and I think it will, my downside target will be reach easily.. The timimg for this is by 22 trading days.
I was sure looking for a move up threw the first week of Jan. then down.
Naz. has made one leg down so far...It still has one leg to go...So, if we get this rise up..You should be able to measure how far down Naz will go down.
So, I'm sitting on a fence waiting to bail.
Good luck,
Ed



To: Jay8088 who wrote (3899)12/31/1997 3:01:00 PM
From: Ed Pittman  Read Replies (1) | Respond to of 10227
 
Jay...As you remember I was sitting on the fence.. As Nextel was bumping up against the downtrendline...Well, it crossed it Tuesday and Today it crossed the old uptrendline. Which should make everyone happy, including myself... Now I was ( past tense ) looking for the next leg down with Nextel...Which I gave a timing point in now something in 20 trading days. Since I never know the direction, that i have to guess at..How about it being a high instead of a low. That would give ya the leg up and a good month in Jan. With the leg down beginning in Feb.

p.s.
I have received so many E-mails, that i will post the Naz theory on this thread,
Regards
Ed