America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Hawk who wrote (9230)	4/1/1998 10:52:00 PM
From: Bob Kimball	of 13594

Suffering bears... If no interest in E-Wave, don't read this. One Ewave guideline which is reliable is the notion of channeling, or parallel trendlines between wave tops and wave bottoms. Because of AOL's rocket rally, you really have to use a log scale chart. On log scale, AOL just breached one upper channel line going back to 12/96, and is within a hair of touching the upper line for the current rally from 12/97. When this happens you can count on a correction. Now the question is how big of a correction? Do I hear 56? Lower?

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