Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.31

-3.2%

Nov 13 3:59 PM EST

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To: advocatedevil who wrote (61437)	3/5/2002 9:59:06 AM
From: Paul V.	Read Replies (1) of 70976

Gottfried, Jacob, advocatedevil, and threaders, The DW bull support line is at $43 rather than the $45 I stated last night. In past price movement on amat it has most frequently pulled back to the bull support line. Therefore, we could have a pullback from the $50+ range to $43 before moving back up following Tito's YOYO effect. Since 9/11 the greatest DW gain on each YOYO has been 8 DW boxes, $8 and the greates pullback off the top was 9 DW boxes, $9. Therefore a pull back to $43 would be 7 boxes, $7. Just my observations of DW point and figure charts and my opinions. Paul

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