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Technology Stocks : America On-Line: will it survive ...?
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To: J.S. who wrote (4108)7/23/1997 11:50:00 AM
From: Quaddad   of 13594
 
Joe,

I don't know why it is, but it seems as though those 3 ma's are the ones that work. I've made a lot of money using just the 50 dma alone. The reason for my post was in response to someone saying that there was no real resistence until the $35-$40 range. Granted there is a line of resistence at that level, but AOL has show fairly consistently it's ability to rebound off it's 50dma. On monday AOL was sitting on it's 20 dma and has rebounded off that for 3 days.
I had said that the ma's were just the basics. You could draw channels on the chart and get low end resistence at $65 or so and upper end resistence around $71. So there is a million ways to look at these things. I just find the ma's the quickest, easiest, and most of the time,most effective.
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