Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Trader X who wrote (13986)	12/31/1997 2:54:00 PM
From: Quaddad	Read Replies (1) of 70976

Kevin, Could you go into alittle more detail on your analysis. I do a little TA but am not very adept at it. I am having a little understanding how AMAT is going to lose 30% of it's current value over the next 2 weeks just on a technical basis. It looks almost like you drew channels on the lows and highs over the last few months to derive your support resistence values. But my understanding is that these recent lows were brought on by bad news which overwelms most TA. I'm always looking to learn more, so a clearer explanation would help me out quite a bit. Thanks.

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