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


To: Brian Malloy who wrote (18786)5/26/1999 9:10:00 PM
From: Venditâ„¢  Read Replies (3) | Respond to of 41369
 
Brian,

Yes it is a hammer.

You have to separate how to interpret it. When you have an ever rising stock and see this formation it says that trading is all at the top of a range after a run up and this is bearish.

Today the selling took place first which accounts for the stick like tail on the candle then a rebound into reality and the buying began after lunch and accelerated into the close which is very bullish for tomorrow.

Please see the qualifications (candle rules) I placed in my original post labled "chart lessons". We have to open up and end up tomorrow to confirm a temp bottom.

My apologies to anyone who this bores and I suggest that more questions be asked to me PM or on the "Ask Vendit" thread so as I won't be off topic.

Vendit



To: Brian Malloy who wrote (18786)5/26/1999 9:19:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 41369
 
Hello Brian. I am with you on AOL. And I still don't do options. Would not want to get caught shorting. I guess you did not have Spaghetti in Santa Clara?

Sonny