Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 341.36

+1.3%

3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (4941)	5/29/1997 1:00:00 PM
From: Paul V.	of 70976

Tito, Teri, Big Buck and Others, Following is some quotes from Dorsey Wright's Point and Figure Charts. I recall that 75% of a stock movement has to do with the total market and the sector. It appears to me that we still have room for expansion in AMAT and this market. What do you think? Paul "Since we presented our Election Scenario we have maintained that it looked to us that this time we will visit the 70% level on the NYSE Bullish Percent. What had been missing in the years past was participation by the small stocks. This time the rally has scooped them up too and this is what it takes to exceed the 70% level. What more can we say? Keep your foot in the stirrup and ride this steed." "NYSE BULLISH % 64.7 % This week the Bullish Percent rose 2.6%. We expect to see 70% and that's still further up." "OVER THE COUNTER BULLISH % - 55.9 % Great week for the small guys. They are outperforming the big stocks. This index was up 3% on the week and it should go further. My guess is 70% here too. It's got a lot of catching up to do." "PERCENT ABOVE 10 WEEK MOVING AVERAGE - 79.1 % It's high on a short term basis which suggests the market could use a pause that refreshes as we mentioned above. This index can hang up in high levels for a very long time."

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