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


To: Ed Forrest who wrote (22754)6/17/1999 8:43:00 PM
From: Teresa Lo  Read Replies (2) | Respond to of 41369
 
The analysis I do is on the daily chart for people who are "long term" or position traders, since I only look at AOL once a day at the end of the day.

Daytraders should use much smaller time frames, like 5 minute to 60 minutes, but be mindful that larger position traders/CTAs/funds may still be up there at the 20EMA on the daily chart getting ready to sell if it cannot break through to the upside. Downside support is the low from a couple of day's ago, on the daily chart.