America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Steeny who wrote (22659)	6/17/1999 10:32:00 AM
From: bobby beara	Read Replies (2) of 41369

Steeny, aol's monthly volume peaked in October and November, the rally in March and early April was on weak comparative volume, smacks of distribution. Other leaders have worse volume profiles, look at the volume climax on Yahoo in July 98 and the downslope of volume since then with two inverted weekly hammers at the spike tops. AMZN basically the same picture. I'm expecting this rally to have some staying power, although we have a cycle low due 1st week of July, it wouldn't surprise me to see the nets rally into yahoo's earnings. I would watch the internets volume on this leg up for further signs of deterioration. the cycle peaked late and may bottom late. bwdik,, bb

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