Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 341.36

+1.3%

Jan 29 3:59 PM EST

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To: Gottfried who wrote (46338)	5/7/2001 1:12:12 AM
From: John Trader	Read Replies (2) of 70976

Gottfried, One thing to keep in mind I guess is that there are many things that influence the market. Hopefully the positive things will outweigh the negatives (bullish percent, valuations) here. But I would feel more comfortable if that Nasdaq bullish percent number were to go lower. I did not realize that it was that high now. FWIW, Briefing.com is bullish here. Here are a few words from their tech stock report tonight: ..."Market now sees that turn taking place in Q4... For this rally to loose steam, traders will have to be convinced that the recovery is further down the road - much further... We aren't likely to get a good sense of that until Q2 warnings season, which remains several weeks off... In the meantime, traders looking at the powerful tape, and at the prospect of another 50 to 100 basis points in rate cuts, and they want in... And the higher the market climbs, the more sidelined investors will feel the need to get in themselves and the more shorts will be squeezed... That's how momentum builds, and it is building - ugly economy or not."... One last thing, I am sorry, but can you explain the last sentence of your post? I did not follow it. John

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