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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (11230)	9/8/1998 7:54:00 PM
From: Charger	Read Replies (1) \| Respond to of 13594

OK,OK, trying to learn here, patience, lol. So I guess I see the head and shoulders on AOL chart....just the head is pointed? And now we are on the right shoulder, or past it, in fact the whole head and shoulders action is over? ...or is what I am seeing a straggly version of of an upside down head and shoulders beginning its trek? On the Dow chart - I looked and looked for the crows, end June, really I did. Are they the six spikelets, each a little higher than the next, but they cant seem to really hold? And then it tumbles. What about the six spikelets that precede those 6 crows (2nd and 3rd week, June), going down? and the ones just after the 6 crows, going down. Are those crows on a wire in reverse? This is all so fascinating, I hope you dont mind. TIA

To: jhg_in_kc who wrote (11230)	9/9/1998 7:46:00 AM
From: Keith A Walker	Read Replies (1) \| Respond to of 13594

With the market talk here, I did a comparison of the Dow from 7/1/87 thru 1/31/88; and 7/1/1998 to present, looking at percent changes on a daily basis: 1987 was more volatile in percentage terms to date. (The other quircky fact here is that the calendar days match up. October 19, 1987 was a Monday and this year it also falls on a Monday) There were more +-5% days in 1987 than we have experienced this year. If you use 1987 as a guide (history does tend to repeat itself) then the only conclusion you can come to is that we have a lot more volatility left in 1998. Maybe even swings of between 500-1200 points on the Dow will become common over the next several months. Things may begin to settle down by mid-year 1999. In any event, for what its worth, people looking for volatility will have a field day. Daytraders and options players: This could quickly become the best market of the last decade.