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Politics : Formerly About Applied Materials

AMAT 235.73

-2.1%

3:23 PM EST

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To: Paul V. who wrote (30861)	6/7/1999 4:01:00 PM
From: Tito L. Nisperos Jr.	Read Replies (2) of 70976

Paul V, RE "Tito, what is your scenario?" The key is where the YoYo Catch is going to be (after the YoYo Drop from 67 1/4 to 53 1/2)... The 65 we've seen this morning is some kind of a Glitch or Bait; the High is more like just above 63. But the Bait, whether in the downside or in the Upside is oftentimes realized the same day or the next. If the Catch should be more or less at the recent high of 67 1/4 --- that's a really very positive sign. After a mandatory Drop of at least 8%, the next Catch should be near the All Time High of 71 5/8... Anything less will postpone the Clearing of the All Time High. AMAT is still on track in Repeating History. The last week of this month and the succeeding weeks will be interesting for AMAT ... The next FOMC meeting which is being keenly awaited will be held sometime in the last week of this month. It is almost certain that they will increase Interest Rates by a 1/4 point because the 30 YR Bond Traders already are expecting it (Alan once said --- you want it so you get it ... or something of that sort)... Now the Money Managers who sold Hi Tech to buy Bonds may have a problem ... Anyway the raising of Interest Rates a bit is positive for the Market, after the usual Initial Shock. It will insure the continuing of the Low Inflation environment that will propel stocks higher some more... I also am coming to the belief that this current Bull Market will last not only until August to October (as initially projected) but thru the next year with just a little Pause like in the Even Years of 1992 and 1994. The coming of the New Century should be looked at as a Welcome Thing and not as the start of a recession as some Economists think... But Profit taking this summer is not bad at all --- because anything not anticipated can happen...

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