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To: Lizzie Tudor who wrote (85484)	11/28/1999 3:30:00 PM
From: Robert Rose	Respond to of 164684

<Someone on the AOL thread posted that he felt AOL and yhoo just made double tops. For a non-TA person, how does that work, since the last time they hit these levels were (in yhoos case) about a year ago? Is it still a double top if there is a year in-between?> If there is no significant competing top in between, yes, two apexes forming a double top can span a year in time. In fact, that is what could be the case with aol and yhoo right now. However, I doubt these stocks are currently forming double tops. If you look at aol's and (especially) yhoo's price and volume action in April, you see classic blowoff parabolas, where volume and price sharply spiked and declined simultaneously. The recent price advances for these two stocks, otoh, has been steady over the course of the last month, and on average volume. Nothing blowoff about that. Moreover, the two stocks have experienced volume declines as they ease off their recent tops, suggesting that they are consolidating their gains in preparation for advances to new highs. Both ta and the current market environment suggest that longs can feel confident holding these stocks at this juncture, imo.