Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Vendit™ who wrote (18560)	5/26/1999 9:22:00 AM
From: Steeny	Read Replies (1) \| Respond to of 41369

I have an incredibly reliable stochoastic indicator which I see on Bloomberg. I can't give you a link. This indicator shows further downside in AOL near-term, at least 10 more points. However, the buy indicator is much more reliable than the sell, so I would not rely on this alone. Stochoastics only show movement, Our trendline, which had held since November is now gone. Upside volume has been declining since early April. The chart looks like a descending triangle(declining peaks on receding volume). Moving averages descending under each other. Where the bottom is, nobody knows. However, 90 is a fair target(50% 1 year retracement 200dma). What will change my mind: Heavy upside volume several days in a row, especially through the critical 140 level. This will only come from a big piece of news.