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: Donald Wennerstrom who wrote (64707)	7/5/2002 4:44:02 PM
From: Gottfried	Read Replies (2) of 70976

Hi Don and Paul V., the bull run looks too dangerous for me. We had a low pole reversal on AMAT today. Paul understands this stuff. [a low pole is NOT a 5 ft guy named Kowalszki]... Low Pole (LP) A Low Pole is when a down column that falls 3 boxes or more on the P&F Chart reverses to an up column that retraces more than 50% of the down move when the last column had an odd number of "Os", or retraces by more than 62.5% of the down move when the last column had an even number of "Os". Because it is not an actual P&F buy signal but offers a good probability of leading to one, this formation is considered a "buy alert". stockcharts.com Here's the PnF chart [the green Xs were added today] stockcharts.com

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