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Technology Stocks : America On-Line: will it survive ...?
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To: Yikes who wrote (5071)10/15/1997 9:13:00 PM
From: Bob Kimball   of 13594
 
Reasons Halloween will stink for AOL stock.

1) EWave count is stretched to the limit. Extended 3rd and an extended 5th since the last major low @22 1/2. The time periods in the ewaves continue to shrink and we are in what should be the last 5th of a 5th. Tries the patience, but these things just take their time to work out, don't they?

2) Volume has not been strong on the last set of moves up from 65. We are finally running out of greater fools.

3) This timeframe is the one-year anniversary of last major low. Often a key turning point.

4) Stock is approaching 4x run-up from last major low. Even multiples often mark key turning points.

5) (Wildcard, may not happen by Halloween!!!) What if TRUTH ever returned as a value to the American consciousness... e.g. we got our conscience back? AOL stock in my opinion is a group-psychology mirror for the massive LYING that is endemic/epidemic in our society through the 90's. We've gloriously rewarded LYING in this decade. Debt is out of control, derivatives are out of control, our President is out of control, you can get rich doing nothing, the stock market ALWAYS goes up a lot every year, etc. Most everyone on this board knows that AOL is a sackfull of LIES, brilliantly manipulated.

This too will pass. TRICK OR TREAT!
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