America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: freeus who wrote (17416)	5/17/1999 6:54:00 PM
From: Vendit™	Read Replies (1) of 41369

Freeus, The red bars should be viewed by looking at only their tips. The tips when connected one bar after another make a smooth flowing line. This line moves in a wavy fashion flowing as it darts above and below the "0" horizontal line in the MACD chart field. This red bar line is called the "slow moving average." The other line is the fast moving average. A buy signal when made from underneath the "0" horizontal line looks very much like the chart for today (for an aggressive investor). askresearch.com If you are a more conservative investor then you will want to see the solid line "catch some air or white space" as the red bar gets shorter. In other words there will be white area between the black line and the tip of the red bar. This is usually accompanied with an explosive up day as we had today. The elongated hollow candle formed today foretells a strong open is likely on Tuesday morning. Vendit

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