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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST

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To: Proud_Infidel who wrote (15353)2/3/1998 1:26:00 AM
From: Jacob Snyder  Read Replies (2) of 70976
 
Re: AMAT taking out resistance at 33 on its way to?

I'd wait a day or two before buying. The breakout was on good volume, and a good percentage above the old resistance/new support line. However, if it is a real breakout, it will retest 33 in the next few days, and hold. That will be the time to buy, after the breakout is confirmed. At this point, it is as likely to go up 7 points (to 41) as it is to go back down 7 (to 26).
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