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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (11457)	2/22/2001 2:52:58 PM
From: GTC Trader	Read Replies (1) of 30051

<< AMAT broke $44 yesterday (Tuesday, 2/20) >> Zeev, is this a typo? It looks like the low on Tuesday was just under 46. Yesterday, it spiked down to just under 44.5 at open, but that is the lowest this week. << if it holds $44 on this onslaught, it may be "healed" >> Today, you reiterated your belief that resistance at 50 will hold. (I agree based on the chart, but if we are bottoming here, could AMAT join the rest of the market in a rally?) Since 44 has not broken, does this increase the likelihood of 50 being taken out? Earlier, you projected a low of ~25. Is this still possible with your current turnip outlook? What is your short-term outlook for AMAT? 40 - 42 ? Thanks in advance - HB

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