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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: brunn who wrote (45628)4/19/2001 11:40:35 PM
From: FJB  Read Replies (1) of 70976
 
Excellent post. I hear a lot of people calling this a head-fake, bear trap, etc., so that is why I am inclined to believe it isn't. People are very apprehensive after the beatings they took in the last year. AMAT should definitely retrace from here, but it appears doubtful it will get anywhere near its lows. Same with the Nasdaq.

Book-to-bill comes out on Monday - should be an ugly number.
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