Gottfried, Tito, Jacob, Katherine, Cary, and threaders, With AMAT DW reversal up the last couple of days, IMO, it look very bullish for AMAT. When it hits $49 it will have broken another double top at $48. If it follows the previous Tito's YoYo pattern I can see it hitting from $49-51 during this YoYo movement before making Tito's slight correction. For those following the "Cup and Handle" pattern of O'Neil how does it look? Todate, the DW SEMI sector is at 42% so therefore possibly poised for another SEMI's run up.
Addtionally, CSCO will break a DW triple top at $21 when it its $22 forming another spread double top, At $24 CSCO will then form another spread top which was the high in Ju/Jly 01. The sector is at 50%. Check the Cup and Handle pattern of O'Neil.
IMO, it all depends on what the Orders, shipment, book to build and what the conference calls have to say.
Just my opinions.
Paul |
