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Technology Stocks : America On-Line (AOL)
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To: bobby beara who wrote (22788)6/17/1999 11:04:00 AM
From: Steeny  Read Replies (4) of 41369
 
I read the chart identically to you. I see some staying power in this rally. Summer volumes are distorting the charts, however. There is a chance that 90 was a real bottom. Come the fall when volumes increase, it will be more clear if 90 was it. On the bullish side, I did not see panic selling on the way down. Most of the funds took some money off the table, but the small guys did not. The volume will lead the price. The 3 declining peaks from April to May were the classic downward triangle formation, but again the panic is not there to complete the formation.
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