--Dear Ms. IntelligentSpeculator.com
You comment on AOL, Going higher on lower volume
Not today. The very post you're responding to points out that the volume, adjusted intraday, is about 3 standard deviations above the monthly average, the highest relative volume in a month. Whether this move, a move contrary to the general down tone of today's market, is just a short, sharp bear market rally or a sustainable up-move, we'll know later, though as someone who trades AOL options, I don't really care.
FYI, You, like most TA types, have a poor record calling turns. After the fact, you're hindsight is great but TA, for the most part, is analyzing yesterday's news.
Just an observation. And I'm not a mindless AOL bull (I did quite well yesterday with puts, thank you). Though it could obviously change in a wink, right now, the evidence says rally--duh.
Best,
--Steve |
