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

To: Time Traveler who wrote (30291)	9/1/1999 10:50:00 PM
From: Dominick	Respond to of 41369

TT: I agree. They call it a selling climax. It all depends on your trading time horizon. Those who hold on during the roller coaster ride and finally exit in in disgust are called investors. I was looking at it from a daytrading point of view. A down day with narrow price spread on 50% less volume indicates a lack of sellers. This increases the odds,(no guarantee), of an up day tomorrow. For AOL to return to the 170's, I believe it would need a selling climax then build a trading range base of accumulation. On a weekly chart it is possible that climax took place during the first week of August. It appears it's going to test that climax. If the test holds, it will have to build a base with enough demand to overcome the supply above it. Of course substantial news event would help. :) Dominick