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Strategies & Market Trends : APMP (formerly APM)

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To: AlienTech who wrote (10180)3/2/1998 8:03:00 PM
From: Wayners  Read Replies (1) of 13456
 
$28 really is a possibility. Draw a line across AMAT's peaks in early and mid Nov and the prices after the current runup to $38 and the mid Dec and mid Jan lows. Its a pennant. I think it would take 1-2 months to get there once a downtrend started from current prices. Still need to break below $35 (nominal). If it doesn't break below $35 tomorrow, I'm out of my real dollar short (but I'll stay with AMAT for the GAME). All I can say is watch the trend. If its down, I wouldn't be picking up any at any price.
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