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Technology Stocks : America On-Line (AOL)
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To: RocketMan who wrote (15329)5/6/1999 4:41:00 PM
From: Steeny  Read Replies (2) of 41369
 
Rocketman, The battleground is now the trendline at about 118. It is ok to close slightly below once or twice(trend lines are never exact). However, a sharp close below will signal negative-flat trading for some time. I see a lot of panic selling below 110 or so when everyone who got long at 90 jump ship.

I really feel that most of the selling is based on high pe to low pe rotation, then cable strtaegy, then interest rates. I feel we need some major news in one of these 3 to turn it around.
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