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Technology Stocks : America On-Line (AOL)
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To: Glenn D. Rudolph who wrote (15528)5/7/1999 9:03:00 AM
From: Steeny  Read Replies (3) of 41369
 
There is never universal agreement. However, trendlines are the most simple and widely used of all TA. If you study charts, you will see that all good companies develop trendlines and tend to gravitate toward them. Good stocks rarely break their trend line(of course it does happen), but the panic selling in AOL is unjustified until the trend line really snaps. I wouldn't be surprised to see AOL hug the line for a while until we get some big news like a cable strategy, etc.

Be warned though, a close below 115, especially on heavy volume for more than one day, would signal a down-move..
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