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


To: Rommy B. who wrote (17142)5/14/1999 3:59:00 PM
From: Steeny  Read Replies (2) | Respond to of 41369
 
Gap is flooded. Technical damage is being done here. Volume is not bad. If you add today's plus yesterday's volume, this down move looks more real. 130 support level looks like it is broken. The next support is 118. Upside resistance is now 130, followed by 140.
On the bullish side, the stochoastics are pointing up, but they are just reacting to the big moves this week, so not sure how much weight to place on it.

I think the inflation fears are overdone. We need big news from the shareholder meeting to return to a bullish pattern. Overall, the high PE dump still looks intact, as it has been for some time now. I think it is most likely that AOL is now in a long consolidation period. CASE NEEDS TO SAVE US.