James, Teri, Tito and Threaders, Today, AMAT met the most immediate Bull Resistance line at $94.00. Tomorrow, we should see a movement upward. With Triple witching day coming up on the 19th we will see some increased violitility until then. Tito, Kumar how do you perceive the price movement this next couple of weeks? Using DW, we have will have 7 columns of + (ups) and - (downs) if we have a tremendeous upday tomorrow. Using the horizontal method multiple the seven columns X 3 you get 21. Add this to the low of 94 and you get the price target of $115. If we have more columns naturally the price will be higher. However, IMO we will have resistant at $92, and then $108 before moving on up. Using the verticle method I come up with $24+94=$118. Therefore, we can have a range of $115-$118 after this consolidation. My .02. Again, this in the same range of the brokerage firms. Naturally, the total market can throw this whole prediction to the wind.
Regards,
Paul V. |
