America On-Line (AOL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line (AOL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goldbug Guru who wrote (18968)	5/27/1999 4:24:00 PM
From: Steeny	Read Replies (3) of 41369

Some TA: AOL's move today was very negative and baffling. Complete lack of follow-through after yesterday's closing rally. Volume was weak. Stochoastics do look like they have bottomed out(short-term bullish). Volume was low. Resistance points are coming down: 120(dense zone)the inability to recapture this level makes me pessimistic, then 130-135(Moving average zone), 140-145(lots of liquidations and shorts started here). Supports: 115 has been a surprising support level-has been showing a nice bounce level, then 110(100dma), 92(200 dma, 50% 1yr retrace, dense zone). I don't know what to make of this market. We could go either way. Trend is down. The safe play is to stay out for now. I am medium term bearish. Momentum is gone. Interest rate fears prevail, the PE gurus are gaining momentum, trendline broken, Moving averages descending. The only buy signal I see is stochoastics. Normally, that would be enough for me, but now I don't know. It could be the Memorial day holiday is cooling things further.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next