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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (9732)11/21/1997 2:06:00 PM
From: Trader X  Read Replies (2) of 17305
 
AMAT picture-perfect resistence at $40.

quote.yahoo.com

I gotta hand it to the AMAT chart...it's a thang of beauty!

A four-year-old could have predicted resistence at that price based on it's chart. sure 'nough, it's backed down from there like a submissive little kitten. I'm looking for it to back down to near $30 again before it tries the almighty resistence of $40 next time.

If that's what it does, we'll have a nice triple bottom reversal in the offing. Such a nice pattern to escalate from.

au reviour.
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