Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.32

+0.1%

1:56 PM EST

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To: BWAC who wrote (52983)	9/24/2001 1:31:47 PM
From: Jacob Snyder	Read Replies (1) of 70976

SOX bear market rallies: So far in this bear market, the SOX has made 3 major rallies: 822 to 1281, up 56% 517 to 763, up 48% 454 to 710, up 56% Notice, each rally was about 50%. If the recent 364 was a bottom, and if we do a 50% bear rally, that would take the SOX to 546. The area of 515-530 was a strong support line, we bounced there repeatedly between November 2000 and 9/20/01. Having failed, that support line may now be a strong resistance line. I plan on selling into this rally, beginning when the SOX is 30% above it's lows, and be back to 40% cash when/if the SOX has made a 50% upmove, or if we stall in the low 500s..

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