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Technology Stocks : Stock Swap

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To: Robert F. Newton who wrote (11513)2/7/1998 11:53:00 AM
From: Greg Butcher  Read Replies (2) of 17305
 
Robert, As for AOL...

Looks like its on it way down right now...the indicators all point to a down trend....why I would not short AOL myself is that it has had a steady climb showing great support all the way up. I like the charts that charge up "FAST" this is a sure two to three points on the down side after the climb. AOL has building blocks under it all the way up.
The RSI is only 72...(70=overbought) where as CDO's RSI is 89....this is not the kind of chart i would put 50,000 in to catch 500 a point..too much risk here. I like to be in and out in a day or two. Well. thats my take on AOL...

have a great weekend Robert,
Greg
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