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

To: Steve who wrote (2059)	1/8/1999 5:59:00 PM
From: StockJock-e	Respond to of 41369

AOL will break out on tuesday. Why? why not :-P If not tuesday, then by next week latest after options friday.

To: Steve who wrote (2059)	1/8/1999 6:18:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

Steve, I don't know how accurate TA is as a forecasting tool. However, I peeked at the 3-month chart, and it does look like a nice pennant flag pattern has developed over the last two weeks. quote.yahoo.com Now, is it a bull or a bear flag? I think it is a bull flag, based on the rising price, and that is consistent with everything else we know about the stock. If your TA is right, we should be poised for a breakout in the next week or two, which I expect anyway. Hope you are right.

To: Steve who wrote (2059)	1/8/1999 6:37:00 PM
From: Steve Robinett	Read Replies (1) \| Respond to of 41369

Steve, The problem with TA is that it's like a Rorschach test. It tells you as much about the person reading the TA augury as it does about the stock. Seems to me you could read AOL's pattern as either a flag formation suggesting future gains after a consolidation or as a technical breakdown, a drop through it's ten-day moving average with recent low volatility suggesting a possibly downside move first to the 130 area, possibily even to say the 98 area. Chart: iqc.com In other words, eye of the beholder. My guess is a bit more decline this month to the 130 area. Best, --Steve