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

To: Jeffry K. Smith who wrote (12115)	4/21/1999 6:29:00 PM
From: freeus	Read Replies (3) \| Respond to of 41369

overhead R is overhead resistance: the point at which its very very tough for the stock to advance more: a stock "bounces" off its resistance line over and over before investors finally feel comfortable getting in anyway and push it higher. The same thing happens on the opposite end at support: there are such strong shareholders at the support price that a stock will bounce there but not go through and under unless there is something major (news, or a market correction) to force it down lower. Stocks trade between support and resistance until....... Except that a forward moving stock like AOL (and Dell last year) will more easily break through resistance and continue upward. Thats because there are some programs that actually buy on a resistance breakthrough. More of an answer than you needed right? LOL Freeus