Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 327.01

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Jan 16 9:30 AM EST

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To: Proud_Infidel who wrote (2406)	8/14/2002 8:44:38 PM
From: Gottfried	Read Replies (4) of 25522

Brian, the way the upper channel is drawn we have a breakout. 'Everybody' is watching this and acting on it, voodoo or not. The index TA signals I track are based on bp [reminder: bullish percent = % of stocks belonging to the index that have a current BUY signal. You don't need to understand PnF well to appreciate that as the % of stocks with a BUY signal increases, the health of the group improves]. The mother of all indices, bpNDA [bpNYSE elsewhere] has reversed UP into Xs giving a 'bull alert' signal. stockcharts.com [they labeled it different and I have an e-mail inquiry in] bpSPX is in Xs and is here stockcharts.com bpCompq is still not in Xs but rising stockcharts.com needs about 2% more. bpNDX is at 32% stockcharts.com [I post components on buy signals daily on Don's thread. Today CSCO, DELL and another became BUYs. The Dow is 'bull confirmed' [it's been as low as 4%] stockcharts.com The rest of the bp are at the bottom of this page stockcharts.com Read about bp here stockcharts.com But beware of another Nasdaq peak and another decline. Many posters have estimates out. Gottfried

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