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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: Jerome who wrote (41998)2/10/2001 12:46:11 PM
From: Gottfried  Read Replies (2) of 70976
 
Jerome, >To his [Eugene Kearney] expectations I would say that events dictate what the charts will look like. His theory would be that the charts will dictate what events will take place (much lower stock price).<

Sure - events make charts. But it's very interesting to look at a 10 year chart and reflect that just the right events occurred over that time span to keep the LT price trend at the same slope. And, if you draw lines parallel to the trend and connecting cyclic tops, the tops end up near those lines. Same for bottoms.

It's sort of like the average market return being 10% over
many decades. So, not having a crystal ball, it's
reasonable to bet on repetition of trends when the stock is
cyclic.
chart.bigcharts.com

Gottfried
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