NORTEL for old times sake


Here is Nortel, 14th of July 2000, at $117.20   For even the most amateurish person the 5 wave move up is unmistakable. Even the target of $122 ( based on Fibo ratios )was not far off from the real thing at $124.55 I believe. Even with our new analyst, an 8 year veteran of Nortel , with a $150+ target it should have been clear that this thing was about to implode. Did anyone pay attention? Yes, one did. Today it filed. Click on chart to enlarge.