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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: voop who wrote (3181)	11/27/1999 10:59:00 AM
From: Brian Malloy	Read Replies (1) \| Respond to of 6531

In terms of general seasonality that is true. But even within those strong time periods there can be downdrafts. The thing about AOL and the IIX in general is that with this parabolic run over the last month the charts don't look like typical NOV DEC time period. They look like APR. AOL topped out about a week ago and is losing strength. AOL is my IIX leading indicator. This general is getting tired and the troops are still running. Unless there is some fantastic news on AOL to juice the stock a little, we are headed down. The same Elliot Wave signals that were indicating drop in April 99, are flashing drop once again. IIX can fall from 5-15% or maybe more in my opinion in December. AOL if things get bad could see the $56 1/2-67 1/2 level. AOL Dec65 puts are pretty cheap. If market keeps running no biggie. IIX in the money Feb puts are more expensive but they give a little more time and don't depend on what happens to just one stock. This run has been fantastic, but it will not last forever. The hair on the back of the neck, and top of the ears of primal traders should be raised and tingling <ggg>. IMHO