Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 284.31

+5.8%

Jan 5 3:59 PM EST

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To: MR. PANAMA (I am a PLAYER) who wrote (10324)	11/3/1997 11:45:00 PM
From: GR	Read Replies (2) of 70976

technically amat about to move up.stoi up;w%r-very bullish move;candles positive;macd just gave the buy sign today.probable move is to 41 by friday.if macd crosses above the baseline,it could go higher.should move a few bucks up tomorrow,probably gap up at the opening.of course technical factors can be affacted by 1)asia 2)sadam husein.actually many big,high volume stocks are giving similar pictures technically,but i like amat because of the large drop from 50 to 30,and the fact that book to bill problem was overblown.assuming a usual 50% retrace,40 is the key resistance area.

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