Formerly About Applied Materials Message Board

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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 (18123)	3/24/1998 3:26:00 PM
From: Paul V.	Read Replies (1) of 70976

Brian,>Since I am by no means a TAer, I wondered what your thoughts were on AMAT not making a true triple bottom. Should this be in place before we head to higher highs, and what exactly would constitute a triple bottom? 29, 28 27..... TIA< We had broke a double bottom of $35 and then preceded down to $32 which was the bull support line. But, we bounced off it and recently reversed up to $35. Therefore, I expect AMAT to move upward $38 for a triple top. However, if it does reverse down from the $35 it will have broken the bull support line which would have been at $34 (the bull support line moves up at a 45 degree angle) and would have formed a double at $32. Break below the $32 point and we could make a significant drop. Just my $.02. Paul V.

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