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Technology Stocks : America On-Line (AOL)

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To: Venditâ„¢ who wrote (15858)5/8/1999 10:10:00 AM
From: Bald Man from Mars  Read Replies (2) of 41369
 
I think askresearch's technical chart is extremely helpful ...

I also think that for short term bottom, it is best to wait for either
1) Williams %R 14 , goes >80 and subsequently turns back to <80
2) Stochastics 5-3-3, goes <20 and subsequently turns back >20

I agree that both indicators are signalling we are close to the bottom, but how much more downside to go is anyone's guess, I will not rule out an intraday spike down through the 100 level ...

the street's sentiment is not in favor of AOL at this time, so will keep a watchful eye for a short term bottom ...
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