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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Stoctrash who wrote (6702)8/13/2002 11:06:03 PM
From: John Pitera   of 33421
 
This rally off of the July 24th full moon low is looking currently looking like an A-B-C upward correction. We'll need to see some more constructive action pretty soon or it looks like we're gonna dance in the darkness once again.

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4:39PM Applied Materials more cautious (AMAT) 13.46 -0.12: -- Update -- On conference call, company sounds a more cautious note - says customers have taken a more conservative stance in the three weeks since Semicon West due to uncertainties about the global economy and weakness in end user demand. Stock at 13.39 after hours.
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