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

To: Dr. David Gleitman who wrote (23672)	6/22/1999 4:41:00 PM
From: Steeny	Read Replies (2) \| Respond to of 41369

AOL looks like it is trying to form a base. Judging by the chart, it will probably test 98(the old negative trend line). If 98 does not hold, then it will test the 89 lows and either double bottom or head to the 200dma(80). AOL still trading under the 100dma and it's old positive trend line. Technically, these are bearish signals. On the positive side, AOL still above the negative trendline. IMO, AOL is forming a new positive trendline, but it needs to go lower to form the next point of the base. My guess is the next low comes at about 98. That would put it on a very nice upward slope. A doublebottom is also quite possible as it has only tested 90 once recently. A double bottom would also cause it to go higher. These are the most likely scenarios.