Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 332.56

+4.1%

Jan 27 3:59 PM EST

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To: Steve Byers who wrote (18052)	3/21/1998 9:19:00 PM
From: Big Bucks	Read Replies (2) of 70976

Steve, FYI, chart2.bigcharts.com iqc.com IMO, it appears that each time the 10 day and 20 day moving averages get close to converging, but don't actually cross, there is about a 10%+ decrease in stock price. The "trend" appears to be ready to occur again. The lines have come close to converging and are starting to run parallel since the stock price has been trading in a fairly tight range over the last several days. Volumes are rediculously low which says the stock is heading lower very soon, as there is nothing on the horizon to compel anyone to buy in quantitiy except for the day traders. I view this as a bearish sign and am expecting a decrease in price from this level. Of course some positive news release from AMAT could reverse this "trend" for a short while. Any TA's care to give their opinion/read of the charts?? Just my opinion, BB

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