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

To: Ben Wood who wrote (5005)	3/5/1998 12:07:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

Yes, the cup and handle is intact. Let's review the data: First, NXTL formed a triple bottom: 10/28/97 22 12/15/97 21.75 1/9/98 22.125 Then the higher lows: 1/15/98 23.4375 1/27/98 25 2/19/97 25.4375 Today 26.4375 (so far) It's also important to note that 10/28/97 and today were panic selling days where the MMs spin their special form of magic (called "gouge the saps and get some cheap stock"). On 10/28/97 the MMs turned on a dime when the overall market turned and immediately jumped the bid a couple of bucks after artificially dropping it at the opening. Today was no different except the stock has not fully rebounded yet. It will but perhaps not today. I hope that answers your question. Arnie