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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Pancho Villa who wrote (6947)11/13/1997 8:05:00 AM
From: vegetarian  Read Replies (2) of 9285
 
AOL has a head and shoulder (if you look at the chart for last 3 months or so), it will be a good short when it breaks down below 70 on a closing basis the down side would be to 50; although I don't like the volume under the right shoulder (should have been lower than left/right for a good H&S pattern)
Options expiration pressure next week will push AOL to 75, so it may take some time to punch through 70.
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