NEXTEL Message Board - Msg: 3426232

To: Al Gutkin who wrote (4644)	2/13/1998 1:30:00 PM
From: Ed Pittman	Read Replies (1) of 10227

Al.. I think you have a good read on Nextel..Its now a time machine. Still in a decending triangle..A matter of fact its in a decending triangle on a 5 minute chart. If the pattern holds true we have made 3 bottoms at 26 then next bottom of 26 should go threw. Every move up has been to add more time before any big move up. Isn't it funny how different people read a chart differently. Arnie is reading a cup and handle for a big move to the upside. I'm reading a decending triangle for a big move to the downside. What is the stock doing its going sideways..Is it going to break to the upside or the downside? Now on a daily chart it has time, but on a 5 minute chart its running out of time. If it breaks the 26..Next I have 22 then 16.. So for now I'm glad to stand aside. Good luck with your trades.. ed