Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: Gottfried who wrote (33873)	1/29/2000 5:19:00 PM
From: Jacob Snyder	Read Replies (1) of 70976

AMAT TA: The stock began a huge upmove in mid-October 1999, almost doubling. From that time, the stock has hit 4 higher highs, and 3 higher lows. The lows, where the stock has bounced 3 times, are at the 30-day moving average. Today, the 30-day moving average is at 128. So, we are now at a critical test of the rapidly ascending channel the stock has been in since mid-October. If we bounce at 128, the uptrend is intact, and TA would predict a move to another higher high. If we break below 128, then the uptrend is broken, and TA would predict a downtrend to start, or a volatile sideways movement for a while. See: bigcharts.com

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