AOL
Doug,
A friend of mine's trading AOL so I tried to make some sense of the chart--and with it, the DOW, NASDAQ, etc., as the case could be made made that AOL is THE bellwether just now.
The best my limited mind could come up with is the uptrend established by the bottom of 12/1 and 12/14, the logic being that it was the first serious uptrend commencing after the irrational exuberance-driven spike that accompanied the 2:1 split, two weeks prior to then. Unfortunately, it doesn't provide us with an IL. I'm wondering if it's still good, as of today's low (it SEEMS to hold, but I don't have the tools to test it), and, if so, whether it provides us with any other info about the stock and the market in general.
Sorry, stupid post.
Ivan |
