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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (82)	5/17/2001 5:25:52 AM
From: Vendit™	Respond to of 8752

Thought I'd post this for old times sake. Vendit, will you please do your TA analysis on AOL!!!! I will after my run............ :8-)

To: DOUG H who wrote (82)	5/17/2001 6:44:37 AM
From: Vendit™	Read Replies (3) \| Respond to of 8752

Re: AOL It broke above short-term resistance yesterday and should touch the next level of upper resistance this week, which is located at about $56 ½. askresearch.com Logic tells me that movement above the $56 1/2 area is not likely before another pull back and retest of support. I base this on the fact that this latest short-term bull signal has been made at a time when all of the indicators are well above over-bought areas on their scales. MACD and bollies sure make it look ripe for a short-term move up. Short term support is at $50. askresearch.com If this was the same market climate, which we saw AOL in several years back I would err on the side of the old AOL whose, price and indicators constantly defied gravity but this is just not the case anymore. The realism is that AOL like many of the old time high flyers are still a little pricey in comparison to their earnings. QCOM is another good example.