America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Vendit™ who wrote (14108)	4/30/1999 8:37:00 AM
From: Steeny	Read Replies (3) of 41369

Technically, recent price activity looks like we are entering a narrowing channel. The lows are getting higher and the highs are getting lower. This is supposed to lead to a breakout in either direction once the channel breaks. The channel still looks wide 120-167. Sounds a bit ridiculous actually. Considering yesterday's price action, the very strong support from 130-135 seems like we will test the upper channel long before the lower support. Before yesterday, I was starting to think we were headed to a downside breakout. GDP #s just came out stronger than expected. Might slow the market a bit today.

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