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Technology Stocks : America On-Line: will it survive ...?
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To: Charger who wrote (11228)9/8/1998 4:44:00 PM
From: Steve Robinett   of 13594
 
Charger,
<<I will guess that the left shoulder is a bump up, rides up the neck, forms a cap at the head, and then comes down the other side? Is that what that term means?>>
That's about it. The theory is that if it breaks the neckline (in AOL's case, at about $80), you get a big drop. If it doesn't break the neckline, the neckline becomes major support. So much for TA theory. In fact, fundamental rule in the long run and AOL's fundamentals have been discounted well into the 21st Century.

I was just trying to draw some of the TA guys into a conversation.
Best,
--Steve
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