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

To: freeus who wrote (4776)	2/20/1998 5:23:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

Freeus, the upside to SI is the quality of the posters. The downside is the lack of new blood, so to speak. :-) I notice on Yahoo that there's lots of bashing - nonsense type stuff - mixed in with good conversation. As to NXTL, today's action was interesting in the extreme. Take a look at the day chart and you'll see that when the stock hit bottom just before 2 p.m., the stock moved up smartly on volume. The fall off to the close was on minimal volume. My read is that the short side is getting more tenative and that it wouldn't take much buying (2-3 days of upside OBV to jumpstart the stock through 28 and on to 32. In the meantime, we'll dilly-dally around, setting higher lows and highs in the high 27 range until the bullish triangle (as seen on the daily chart) is completed. Then we'll see the right side of the handle completed (as shown on the weekly chart). At that point Ed and Al will be looking in the rear view mirror wondering what happened. Me? I'll be in the counting house, stacking up my shekels. Arnie