America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Rob Cavese who wrote (8841)	3/31/1999 5:29:00 PM
From: Vendit™	of 41369

Rob: Besides the major market correction in October of last year I find the 10 DMA is very supportive of AOL's mini swings down. askresearch.com In your chart I note 2 things.......you are not using a 10 DMA but a 20 DMA instead. The second thing of interest is that the Bollinger Bands in your chart are supportive of a continuing rise in the price of AOL, at least for the foreseeable future. bigcharts.com. My main concern for AOL technically today as I watched my charts was that about 1/2 way through the trading day it was forming a doji candle.......I am relieved to now see a spinning top instead. Through today's action I see no trend reversal but instead see a continuation into market open tomorrow and beyond. The only thing that ever changes a TA forecast is negative news. I don't think we are going to see anything negative anytime soon. Vendit

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