Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 327.01

+2.5%

Jan 16 9:30 AM EST

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To: Gottfried who wrote (39268)	11/9/2000 12:10:51 PM
From: Robert O	Read Replies (4) of 70976

G: As you probably remember I am not particularly well versed in the TA world, but I do have some real world experience having had my trading teeth kicked in numerous times. Wouldn't most TA rules have had me selling my AMAT shares this morning for sure as price fell well below 'support.' ANd wouldn't that have been yet another time that I put in a stop limit order only to watch the dreaded horseshoe occur on the charts? I guess what I'm really saying is it has been my uncanny experience that the market seems, at times, ready-made to scoop up limit orders on both sides and jerk the other way. Certainly I would argue there is something happening (whether by natural forces that could probably be identified or something more sinister) with regard to squeezing out margin players vis-a-vis violent price swings that in hindsight (even the next day!) seemed quite 'unnatural.' I am NOT trying to knock TA on a single event, stocks break through their support all the time, just constantly looking for clues to the Holy Grail. In any event RTQ 44 3/16 now...phew. RO

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