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Technology Stocks : AUTOHOME, Inc
ATHM 20.73-1.0%Feb 4 3:59 PM EST

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To: Steven Ivanyi who wrote (17072)11/17/1999 8:36:00 AM
From: MIKE REDDERT  Read Replies (2) of 29970
 
The 46 5/8 area is the declining tops line with the greatest resistance, as it has failed there several times. The high of 11/10 was predictable because of that trend. This trend line will continue to offer resistance until it is broken, not because it has any intrinsic value, but because of crowd behavior... technicians are "tuned in" to that line.

Mike
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