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Technology Stocks : America On-Line (AOL)

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To: Steeny who wrote (16324)5/10/1999 4:30:00 PM
From: Venditâ„¢  Read Replies (2) of 41369
 
Steeny,

Volume not bad, although the real test will come when we hit the 140s where we stalled on the way down.

Agree on all but I would like to point out one ,in my mind, major difference in the last run to the $140's and this current run. The last run the ROC was in mid range and it never confirmed with a crossover. Today it did confirm with a cross over which is exactly the signal to take medium to longer term positions in stocks.

As you know AOL moved up $95 starting on the day we had the last ROC confirmation. Another big plus I see is the major signals I look at, my favorite being MACD, have yet to signal. That one sets off alarms when it confirms. It is headed in the right direction to do just that.

Here is to a long awaited day!

Vendit
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