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Technology Stocks : America On-Line (AOL)
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To: Vendit™ who wrote (14662)5/4/1999 5:38:00 PM
From: Steve Robinett  Read Replies (1) of 41369
 
Vendit,

Actually, AOL closed at 127 & change, below your 128-130 range. By the way, I thought technicians established support and resistance based on where the stock had traded for a while, not on how the chart updated overnight. It is also possible to read AOL's chart as a double top. I don't put much faith in any TA, which I consider problematical at best. But many people do make buy/sell decisions based on TA so I suppose we have to understand it to understand those buy/sell decisions.
Best,
--Steve
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