America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Vendit™ who wrote (16311)	5/10/1999 4:20:00 PM
From: Steeny	Read Replies (2) of 41369

Some TA: Nice bounce right off the trendline today. We are now attempting to recapture the 50 day MA. Could do it tomorrow. Stochoastics look awesome. Bounced right off the buying range and now headed toward the 145 zone. Volume not bad, although the real test will come when we hit the 140s where we stalled on the way down. I think a lot of people went short there and it would be nice to squeeze them out. We really need followthrough tomorrow to confirm this move. I am a little worried by the chart formation showing declining highs. The chart also looks like a double botton and double top. We could be in a wide range 120-160. Be careful of a move to 140 or so on less volume than before. If we don't get through, it could be trouble-a third major declining high. Things look good for now.

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