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Technology Stocks : America On-Line (AOL)

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To: GalSal who wrote (18717)	5/26/1999 4:40:00 PM
From: Dennis J Baltz	Read Replies (4) of 41369

Sally To early to tell if it's a rally. Based on today's activity, it looks like a duck but we'll see if it can quack like a duck tomorrow. This coming Friday's low volume may reverse the trend back down as people may want to cash out over the long weekend. It's funny, analysts have been tripping all over each other to proclaim the bursting of the Internet bubble. The rush was on to dump the Internets in every category. It should be noted that the recent trend for Internet stocks is for a +75% to +100% rise and then a pullback of -35%. This cycle has repeated itself several times. HOWEVER, the pattern could break at any time and this could be it. Currently Internet stocks have dropped -25% to 35% from their recent highs. According to the pattern we should have seen a bounce soon. But with the current strongly negative outlook who knows? Remember, the trend is your friend and until we see a new positive trend caution is recommend until it actually does reverse.

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