Well, I was on record of saying I was convinced the Dec 00 low of $35 was the bottom. I was wrong there... This terrorist event couldn't have been accounted for. We had good news coming right and left these past few weeks then we get the big event that will slow the recovery and thus AMAT et. al. got hit.
AMAT chart: stockcharts.com[h,a]dhclyymy[d20000101,20011220][pb50!b200!i!d20,2!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]
LRCX Chart stockcharts.com[h,a]dhclyymy[d20000101,20011220][pb50!b200!i!d20,2!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]
Interesting that the Dec lows for LRCX held... but not for AMAT.
Kirk |
