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Politics : Formerly About Applied Materials
AMAT 256.89-1.2%Dec 31 3:59 PM EST

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To: Math Junkie who wrote (53676)10/3/2001 1:49:23 PM
From: Sun Tzu  Read Replies (1) of 70976
 
Here is some AMAT TA which I hope makes up for some of it.

Doing a regression analysis on the weekly charts as far back as '94, you can see that AMAT is about 3 standard diviations below the regression line. This is the bottom range of the historical trend. So a bottom may have been seen. If history holds, in about 9 months AMAT should hit $75 and in a bit over a year it should peak at over 100.

History may not repeat itself though. AMAT has been tracking SOX pretty well. I am guessing that at some point in the future SOX will outperform AMAT. But that remains to be seen. Should SOX outperform for more than a month, historical measures of AMAT may not hold.

Sun Tzu
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