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

To: Technician who wrote (15652)	5/7/1999 1:14:00 PM
From: Steeny	Read Replies (3) \| Respond to of 41369

Technician, in my opinion, AOL will move one of 2 ways. 1. The current trend line will hold. Prices will hug it for a little while before moving higher. The catalyst will be a broadband cable strategy. THIS IS MOST LIKELY. TRENDLINES FOR GOOD STOCKS DON'T BREAK EASILY. Our current line staerted in early Dec and has been tested 5 times on a closing basis and has held. A STRONG WELL TESTED LINE. 2. The trendline gets crushed based mainly on the dumping of high pe stocks. I feel this will send us down sharply until p/e s come into line with other high techs i.e. computer/ software companies. This could really get ugly. If AOL doesn't stop until it's PE hits 100, there will be blood. Not very likely.