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Pastimes : ASK Vendit Off Topic Questions

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To: Tom Tallant who wrote (1370)8/14/1999 9:26:00 AM
From: Venditâ„¢  Read Replies (1) of 19374
 
Morning Tom

askresearch.com

If you look at the month of June in this chart you will see the two failed runs at the $120 level. This represents the nearest overhead resistance as far as I can see. More exactly $117 to $119 should be fairly heavy resistance at that level. Once $120 is broken through then the next level up should be to $130.

As it looks now, if the market stays healthy, AOL should make a run to that first resistance level before a reversal is seen but it may not be in a straight line. A little profit taking along the way would be understandable.

As far as the CPI is concerned I really tend to not pay very much attention to those things and would rather just watch the indicators on the charts instead.

Vendit
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