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Politics : Formerly About Applied Materials
AMAT 262.92+0.4%Dec 29 3:59 PM EST

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To: Gottfried who wrote (57849)12/20/2001 2:59:59 AM
From: advocatedevil  Read Replies (1) of 70976
 
Gottfried, Keep in mind there's a "high pole warning" on your AMAT P&F chart (then again, we're also at that "bullish support line"):

"The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future."

AdvocateDevil
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