Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 9:30 AM EST

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To: Paul V. who wrote (34001)	2/3/2000 6:19:00 AM
From: w0z	Read Replies (1) of 70976

Paul, forgive me for asking a stupid question, but aren't these lagging indicators? I thought you wanted to sell when they rose above 70 and buy below 30 or something similar. I thought above 70 meant overbought and below 30 meant oversold...obviously I don't understand. In a contrarian sense, I would think a drop from the 90's is actually a positive sign in that the semi's are not in overbought territory. Please clarify my misunderstanding.

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