Can I do this on a stationary bicycle?

I've been having knee problems all my life. I can use the treadmill once or twice for about 10 mins and nothing happens. As soon as I hit the street to run outside my knees hurt from the sides. I did go to a sports medicine doctor about 10 years ago and he told me that I need to use a bike because my knees will never handle running on a hard surface. Even with knee surgery is it not 100% sure I will ever run on a hard surface and not have knee problems.So I never had surgery done. ( my treadmill has shocks on the sides , really good for those who cant run on hard surfaces but feel the need to run). Can I do this interval training on a bike ?? I like the outdoors and recently I'm considering using a bike because running looking at the wall or the TV is boring. I really miss doing exercise outside I'm not really in to doing exercise inside four walls.

Answer:
You can definitely do this on a stationery bike, its probably one of the best pieces of equipment for interval training. I like to use a spinning bike because you get a lot of control over the resistance and its very solid and stands up well to an interval workout.