Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.79

+4.6%

Jan 2 3:59 PM EST

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To: Gottfried who wrote (59059)	1/18/2002 11:22:12 AM
From: Paul V.	Read Replies (2) of 70976

Gottfried and Tito, Today, at this time, the BP SEMi's just broken a double bottom hitting 56 from a high of 78 in December. AMAT, this morning, broke the bull support line of 41 when it hit the high $39. Remember, the tendency is for a sector to at least pull back to the 50 percentile range or lower. Go to the StockCharts.com and look at the past bull percentages and view what happen when a the semi's were in this pattern. Looks to me that the Semi's may go lower. Naturally, Tito's yoyo shakeout pattern may be in affect. Gottfried and Tito, what are your thoughts regarding these patterns? Paul

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