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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dragon 1 who wrote (19318)	7/3/1999 11:42:00 AM
From: bobby beara	Respond to of 99985

Dragon, i can only say, i would not be betting heavily with the option crowd right now, the crowd has become way to one sided. AOL has a very nice bottoming pattern, but did not break out of resistance while the SPX goes to new highs, as a stock leader this bothers me, as to other internet stock holding up some of the indexes, that means small money is speculating on a rebound, but the big money that drives AOL is not endorsing it, as of yet. This also holds true for GE, MER, MSFT on a bigger scale. If it breaks out of the base and retests it, i will play it, for now i remain a skeptic and think ASKJEEVES or quepasa have more bullish chart patterns =ggg= bb

To: Dragon 1 who wrote (19318)	7/3/1999 11:54:00 AM
From: Michael Watkins	Respond to of 99985

It's sitting right on its critical resistance level of 115 and it ended Friday at 115 1/4. As I look at AOL's chart I see evidence that it has completed a short term uptrend and that there is significant probability of a pull back on Tuesday. Note I say probability. I do see an outside chance of further upside if the volume picks up in a big way. AMZN is showing similar pull back signs which are more clear than AOL's. If they do break to the positive, then all bets are off. Just to be clear, I really don't care if they go up or down, irrespective of my opinion of the mania.