<< Thanks for your input Bridge Player,
Now will you please back up your words with some charts. My charts say you are
wrong. I always give links to my reasoning and not just empty words. >>
Hi Vendit,
I appreciate your courteous response. My apologies, I do not have the technical knowledge or skills to post links to charts on this board.
On 12/29/98, AOL traded at an intraday high of 79 3/4. The following day, it corrected and traded at a low of 67 3/8.
Following the next breakout, on 1/12/99 AOL traded at 83 1/2. Again, the next day, on 1/13/99, it corrected down to a low of 65.
A week later, after another run, it successfully tested that low by trading down to 67 1/2 on 1/22/99. That was just shy of 3 months ago.
Since then, the stock has had an almost uninterrupted run with no correction of any significant magnitude (until now) since. I believe that it will test those trading lows of early January before the current correction is over. Even in the 60s, that would still represent a rise of approximately 6-fold in just 1 year, from January 1998.
I use TC2000 as a chart source for those who wish to confirm these data.
I have little doubt that this opinion will be scorned by those truly knowledgeable in the charting art, as well as all of the AOL bulls who follow this thread avidly.
If AOL should trade over its old high of 175 or so before reaching my predicted lows, I prefer to have my crow served medium, very tender, by 3 lovely gown-clad maidens......:)))
BP |
