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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Tom Tallant who wrote (634)6/11/1999 7:50:00 AM
From: Venditâ„¢  Read Replies (1) | Respond to of 19374
 
Tom

For simplicity's sake I will show you just one reason I think AOL will bounce today-Monday at the latest and will go back towards $120.

Message 10076716

If you will think of the AOL daily price as a bouncing ball it is getting paddled between the two horizontal lines. Each time it makes contact with the lower one it bounces up as a ball would and travels to the upper line before getting batted back down again. This is the nature of bollinger bands. They are very accurate. Sometimes the ball will pop thru the upper or middle line and when it does it will then travel to the next line before reversing course.

Vendit