Sprint Nextel did precisely what we anticipated by dropping to , about, $2 twice, once in Oct. 2011 to end wave 4 and again in Jan 2012 to complete wave 5. We forgot to take note!, just too many stocks to keep an eye on. As a general rule one should always reverse positions after the completion of a 5-wave sequence. If one is only interested in playing the long side, you simple alternate between being out or being long. S looks like it is in a 4th wave on its way to double topping. Not worth playing anymore.