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Politics : Formerly About Applied Materials

AMAT 254.72

+0.9%

3:59 PM EST

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To: Teri Skogerboe who wrote (15143)	1/31/1998 1:34:00 AM
From: Paul V.	Read Replies (2) of 70976

Teri, and threaders, Have you noticed that in the IBD that the Accumulation changed from a "C" on 1/21/98 to a "B" to the current time. Relative Strength has moved from a 40 on the same date to 50 currently. The Group Strength still remains at "E" with the number of funds owned at 403. Looking back to the last run up from 8/96 we saw a R/S run up from 14 in August '96 to 50 in November '96 to 80 the beginning of December '96 reaching a high of 87. AMAT then retracted to 60 the last of December prior to running up to a Relative strength of 98 on May 1, '97. According to my Dorsey Wright projections and the IBD Relative Strength movement IMHO I believe we are seeing the upward movement of AMAT in the immediate future. As I previously posted, today, we reached a triple high with my projection of a high of $68 based on current data. It is a shame that the IBD does not chart the R/S of the respective stocks. Just my humble opinion. Paul V.

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