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

To: Technician who wrote (15307)	5/6/1999 4:15:00 PM
From: Steeny	Read Replies (1) \| Respond to of 41369

Some TA: the 50 day ma has now been breached. In addition, the upward wedge we were in has broken. The longterm trend line at about 118 is the next support. It has not yet been broken. If we close solidly below that, like around 112 or something like that, Look for a move to 90, the next major support. Look for gravitation to the trend line. It will not be easy to break. This is NORMAL PRICE ACTIVITY. We are fighting 3 battles 1: interest rate fears.I think these will simmer down after tomorrow. 2. Broadband cable strategy fears(unfounded, I think) 3. Shift from high pe to low pe stocks- very real threat.