America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Steeny who wrote (22797)	6/17/1999 6:46:00 PM
From: bobby beara	Read Replies (1) of 41369

>>>>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.<<< Steeny, the baseline was broken enough to give a sell confirmation, however I have seen plenty of charts with bearish looking formations overcome by the raging bull -g- The several nutz reversed off resistance today, including aol, I'm flat now. check out ebay's angled h&s with the retest and reversed off the baseline today. The XCI has what is looking like a complex angled inverted H&S, which was marginally broken out of today, it would be hard to imagine a rally in the XCI without the internet, unless this is going to be a false breakout bull trap. MSFT broke out of it's 20 day band but no volume yet. bb

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