America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Bald Man from Mars who wrote (25897)	7/18/1999 7:14:00 AM
From: Vendit™	Read Replies (3) of 41369

A couple of observations I made yesterday were quite striking. I was looking at some intra day charts from Friday and combing through some tickers that were all Internet or tech related. In almost everyone that I looked at I noticed each stock seemed to lose intra day support and sold off at 2 pm and continued this until market close. My theory is that this was traders taking money out of the market before the weekend. The interesting thing is that the sell off has taken these stocks and pulled them into "intra day" buy signal range. My feel is that AOL and many others will open nicely to the up side on Monday. History tells us that AOL will begin a nice rally 3 to 4 days prior to earnings being released. It is sitting on top of a medium term support level so I think the downside looks limited. Any closing price below $117 will change this scenario completely. beta.siliconinvestor.com IMO Vendit

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