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Technology Stocks : America On-Line (AOL)

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To: GalSal who wrote (11550)4/19/1999 6:41:00 PM
From: Venditâ„¢  Read Replies (2) of 41369
 
GalSal,

The following is me partially exposing my bottom in chart form.

This is a description of a sensitive top and bottom indicator called "William's R Value":

Williams %R

Created by Larry Williams to identify overbought and oversold conditions based on today's price in relation to past prices. Williams %R has an excellent ability to anticipate price extremes and many times forms a top or bottom and reverses days before the securities does. The chart is read upside down with peaks designates as lows on the %R scale. Oversold readings occur in the 80-100 range and overbought readings in the 0-20 range.


In the chart below please note where the R% line is and also note how long it likes to stay in this position with AOL while comparing how the stocks actual price reacts to the lines direction:

askresearch.com

I like to have at least one other indicator confirm a directional shift but this is as far as I have gotten in my work this evening and wanted to give youa straight answer to your question.

Looking better!

Vendit

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