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


To: Steeny who wrote (23007)6/18/1999 10:36:00 AM
From: Rascal  Read Replies (2) | Respond to of 41369
 
Last time I heard there were 7 million retail-on-line trading accounts. Are the daytraders who act on 1/4 points and never hold positions overnight part of this number or are they counted somewhere else?
I have 3 on-line trading accounts myself and DO NOT consider myself a daytrader. I am mostly long and trade in a small account. How can 7 million traders have a big impact on the market? Think about the masssive power of the big money guys. Am I missing something? On big days AOL pumps 30 million shares! This isn't daytraders.
GoodDay!



To: Steeny who wrote (23007)6/23/1999 10:00:00 AM
From: bobby beara  Read Replies (2) | Respond to of 41369
 
Hi Steeny, I think the jig is up on this countertrend rally, AOL bumped into it's neckline and now is reversing, IIX reversed off former supporting 50dma and turned it into resistance yesterday, along with a double top in the NDX.

bwdik
bb