Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 323.07

+7.0%

2:02 PM EST

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To: Sam Citron who wrote (59002)	1/17/2002 12:19:52 PM
From: Return to Sender	Read Replies (1) of 70976

Yesterday from Briefing.com on SOX support: 10:46AM Sector Watch: Semiconductor : -- Technical -- With the SOX currently trading at 539, the index has dropped below two notable levels this morning -- its 200-day simple moving average at 554 and its 50-day SMA at 541. On an intraday basis, the sell pressure has flattened which means 538/540 should serve as initial support followed by a subsequent floor at 520. To the upside, look for initial resistance at 554 followed by subsequent overhead in the area of 561/564. Yahoo Historical Prices For AMAT chart.yahoo.com Finally INTC and AMD both outperformed expectations in many ways. Capex will be expected to swing higher (in enough investors minds) to keep AMAT from falling through 39 (Last short term low 39.25 on Dec. 20) in advance of their own earnings report on Feb. 12. Trading is always based on a gut feeling backed up by what ever form of fundamental or technical analysis that we use to support our opinions. Wish me luck! RtS

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