Re: [RT] STK: AOL, DIS

["Jim White" <jwhite43@xxxxxxx>]

Let me try my hand using Near Impulse 
theory.
AOL has extinguished its downside impulse today and 
should reverse to the upside on Wednesday. Another turn is forecast for Monday, 
10/23, and assuming we are moving up into that date, it should reverse to down. 
I would expect a move no higher that 50 to 53 before continuing its bearish 
trend down. Another trend change is forecast for 11/3 but it is too early to 
determine the direction it will take.
Jim WhitePivot Research & Trading Co.Pivottrader.com
<BLOCKQUOTE 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A title=onwingsofeagles@xxxxxxxxxxxxx 
  href="mailto:onwingsofeagles@xxxxxxxxxxxxx";>Gitanshu Buch 
  To: <A title=realtraders@xxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx 
  Sent: Tuesday, October 17, 2000 8:55 
  AM
  Subject: [RT] STK: AOL, DIS
  
  Whatever has kicked off this latest selloff, the stock is 
  now approaching the critical list. Like CSCO at 50, we may find buyers for AOL 
  at 45 (last trade 45.69). However, with a monthly close at current levels, we 
  will have put in an outside bar with a down close reversal for the long term 
  out of a multi-month consolidation. Given the spikes from here on down (on the 
  way up), one needs to look elsewhere (not the monthly chart) for meaningful 
  support.
   
  $20 is not out of the question, but at the present chart 
  structure it is as outlandish as calling $40 on YHOO once YHOO broke 
  $120.
   
  72% of today's AOL volume thus far = block 
  volume.
   
  Meantime, a Long Disney Short AOL spread has been rewarding 
  indeed - though Disney is looking 20% lower from $38.50 once it broke its 200 
  day on rising volume coming out of a yearly low in volatility.
   
  That in turn would setup the perfect long DIS seasonal 
  trade, where December-Jan are one of the more bullish months for 
  DIS.
   
  GitanshuTo 
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