Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: Return to Sender who wrote (64019)	5/25/2002 10:24:51 AM
From: robert b furman	Read Replies (1) of 70976

Hi RtS, Gap down thru and below BB midline suggests we'll push the Bottom BB down. Slow Stochastics suggest it could be a long summer. Fast stochastic just shot it wad-expect series of weaker declining recoveries(rallies will be sold into). -DI crossover of +DI doesn't look good for price. A retest of Jan 22's 19ish not that far off to brace for and prepare to accumulate at a nice discount. This a repeat of historical price softness that starts after 5 months of sequential bookings growth as new cycle starts. What we have now is a planned second guessing of new cycle's credibility. This is a set up for cheap accumulation of stocks that have/will lead the existing recovery and next bull market. We must remain resolved thru the final shakeout before the next big leg up. Be happy Don't worry - the easy money to be made is right after all the talking heads lie to the public as they buy their positions given up from induced fear. We must keep our powder dry and wait for a vix spike - let these liars do the dirty work for us and ride on the coat tails of schemers. In between it probably will be very scary - gulp. Bob

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