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


To: Jeff Sutton who wrote (32347)10/6/1999 11:07:00 PM
From: jmanvegas  Respond to of 41369
 
The overall market sentiment figures were presented on CNBC today and I was quite surprised to see bullish sentiment at 41%, bearish sentiment at about 36%, the remainder was the correction sentiment number. If the bullish sentiment was 60% or over, then one could say that the general market is overbought from a sentiment point of view. But we aren't even close to that. That doesn't mean we won't correct some of the recent 40 point up-move. But AOL's chart is saying upward and onward - the trendlines have absolutely changed. What's the entry point - don't know but in a year from now, these prices today will be considered a bargain and another once-in-a-lifetime opportunity has now been presented to investors to get on board the gorilla's back and ride the next MAJOR LEG up.

jmanvegas