Applied Materials No-Politics Thread (AMAT) Message Board

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

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To: Gottfried who wrote (2498)	8/17/2002 5:44:40 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 25522

>> The advantage is you see text and chart on one screen. Gottfried, That is a most depressing chart you posted. I'm not sure we want to start young Brian on TA with a chart like that. 4 successive support levels breached like a hot knife through butter. And while we're on the subject of TA, my interpretation is that the $20/sh level (if and when reached) will be an area of resistance. Because so many people are stuck with $20 shares that are now under water, and they want to get out at break-even. Unless of course the fundamentals change. Possibly due to much stronger than expected revenues, orders, or GDP. Sarmad

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