Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: pass pass who wrote (43538)	3/12/2001 12:03:16 PM
From: Kirk ©	Read Replies (3) of 70976

I think the bottom is in and we've seem MANY indications by now... I just put up some AMAT charts here suite101.com I'd appreciate comments on my "TA thoughts" where I point out 3 Counter trend rallies, a 2 month period of testing with a final bottom on low volume and now a series of higher highs and higher lows. As bearish as the San Jose Mercury News was this weekend, if we don't take out AMAT lows soon, I think the bottom is well established unless the US economy goes into the toilet but I doubt that will happen. I just heard that auto inventories are well down and these are great users of chips...

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