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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (22535)6/16/1999 10:45:00 PM
From: Teresa Lo  Read Replies (1) | Respond to of 41369
 
Technical Update - AOL

America Online held support at $90 and bounced. AOL closed above intraday resistance at $99 to confirm that a bounce is underway. Resistance on the daily chart is in the $113 area where the downtrend line and the 20-day EMA sit overhead. We will watch this level carefully to see what happens if this is reached.



To: Teresa Lo who wrote (22535)6/23/1999 2:59:00 AM
From: Teresa Lo  Read Replies (1) | Respond to of 41369
 
Technical Comments - CBOE INX Index

The CBOE Internet index found resistance at the last swing high on the daily chart in the 510 area and formed a Japanese candlestick called a shooting star, telling us there are sellers here at resistance overhead. In order to maintain momentum to the upside, the 20-day exponential moving average needs to hold support in the 475 area.


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