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Technology Stocks : America On-Line: will it survive ...?

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To: chenys who wrote (3685)6/28/1997 7:44:00 AM
From: Quaddad   of 13594
 
q y,

Actually the 10 day RSI is at 28.94 and the Williams %R has been pegged at 100 for 2 days. AOL is oversold. We are riding the bottom Bollinger band coupled with the low RSI is reason 1 for a turn in the current trend. The 5 day Stochastics is down below 20. The 50 dma is around 52 and past history has shown AOL to bounce off it's 50 dma and here you are saying it won't hold with absolutly nothing to back your statement. If there was some sort of news out there negative towards AOL, I would definetly agree with you. TA certainly can't predict bad news. But there has been nothing. The worst thing I could find is some insider selling. But the insider selling was worst in May than in June and the stock still gained 10% in that time period.

So I guess the only thing on my side is that the stock has dropped 7 days straight and every idicator out there.

Hope I'm right.
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