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Technology Stocks : America On-Line (AOL)
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To: Vendit™ who wrote (21181)6/10/1999 11:00:00 AM
From: Steeny  Read Replies (2) of 41369
 
Vendit, I would agree that a bounce to somewhere under 120 is possible.If you are looking for a sustained bounce on stochoastics, I would say that AOL should have bounced a while ago. This is actually the longest that AOL has gone in 2 years without a sustained rally. I would say that is proof that TA is moot at the moment. Tomorrow's PPI and next week's CPI will determine where AOL goes from here. If you are buying AOL, you are betting against strong #s. It's as simple as that. If we get flat #s, the downdraft continues. There may be a bounce to 117 or so, but it will be another sucker rally unless we get some real changes in the interest rate climate or AOL news.
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