Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.88

-1.0%

Jan 14 3:59 PM EST

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To: Gottfried who wrote (50334)	8/10/2001 7:05:53 AM
From: robert b furman	Read Replies (2) of 70976

Hi Gottfried, Tech Turnaround Today !!! Indecision Doji's on:Sox.x,Amat,Nvls,Cohu. As the NAZ has retouched a triple bottom - So has the S&P 500 ,Russell 2000,DJ-30. All have retouched EXCEPT the SOX.X. Just when people think CSFB's call that Semi's and their equip makers are dead money - They show the strongest support. What really happened was a bounce down off many of these stocks 200 day moving averages.That's right they didn't just blow thru the average - they got hit in the head and dropped back.Interesting that they didn't fall as hard as the overall market indices.Shows money going into these future leaders. My guess is institutional stealth buying in combination with smart shorts covering high risk/small reward trading positions. Sideways markets sure drive you nuts as they keep losing those nice gains that reult from those exciting pops up. Just think how much harder it must be to hold a short and the lows keep getting higher? JMHO Bob

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