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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

3:59 PM EST

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To: Teri Skogerboe who wrote (18162)	3/25/1998 11:39:00 PM
From: Paul V.	Read Replies (3) of 70976

Teri and threaders, Following are the DW Bull percentages from last night (March 24) for last week ending Tuesday close: SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent 3/3/98 3/10/98 3/17/98 3/24/98 bpeuti 89.4 bpeuti 89.4 bpeuti 89.4 bpeuti 90.4 bpintl 88.31 bpbank 80.2 bpbank 80.5 bpbank 82.5 bpsavi 81.2 bpsavi 78.3 bpsavi 80.3 bpsavi 80.4 bpbank 80.1 bpguti 78.1 bpinsu 77.92 bpguti 79.5 bpguti 75.7 bpintl 77.92 bpguti 76.7 bpinsu 78.8 10week 72.88 10week 75.6 bpreta 73.1 bpreta 73.5 bpinsu 72.7 bpinsu 75.4 bpwall 72.7 bpnyse 72 bpreal 71.7 bpwall 70.9 bpreal 72.4 10week 71.44 bpwall 70 bpreal 70.6 bpaero 71.9 bpreal 71.4 bpmedi 68.4 bpaero 70.5 bpmedi 71.2 bpfore 70.9 bpreta 68.3 bpmedi 69.6 bphous 70.8 bpmedi 70.7 bpnyse 68 bpreta 69.4 bpnyse 70.6 bpwall 70.2 bpfina 66.7 bpnyse 68.7 10week 69.38 bphous 69.8 bpsemi 66 bphous 67.3 bpfore 68.5 bpaero 69.7 bpaero 64.8 bpfina 66.1 bpsoft 66.8 bptrans 69.1 bphous 64.3 bpfore 64.2 bptele 66.2 bptele 67.7 bpfore 62.3 bpheal 64.12 bpbuil 65.9 bpfina 67.5 bpbuil 62.3 bpbuil 64.1 bpfina 65.6 bpbuil 66.1 bptrans 62 bptrans 63.4 bptrans 64.9 bpmach 65.6 bptele 60.2 bptele 61.6 bpmach 63.9 bpfood 64.7 bpchem 60 bpdrug 61.2 bpdrug 62.6 bpsoft 63.4 bpmach 59.8 bpauto 60.7 bpotc 62.2 bpchem 62.1 bpsoft 59.7 bpmach 60.4 bpfood 61.7 bpotc 61.5 bpotc 58 bpchem 60.4 bpauto 61.36 bpauto 61.3 bpfood 56.8 bpsoft 59.5 bpbusi 59.9 bpbusi 60.7 bpauto 56.6 bpotc 59.4 bpchem 58.6 bpmeta 60.3 bpelec 56 bpfood 58.6 bpcomp 56.6 bpdrug 59 bpdrug 55.9 bpgame 58.2 bptext 56.4 bpoil 58.5 bpbusi 55.5 bpbusi 58 bpmeta 56.4 bpgame 58.2 bpcomp 54.8 bptext 56 bpgame 56.4 bpwast 57 bpgame 54.5 bpmeta 53.8 bpwast 54.3 bptext 56.4 bptext 52.8 bprest 53.5 bprest 54 bpoils 56.4 bprest 52 bpcomp 53.1 bpheal 51.9 bprest 56 bpmeta 50.7 bpoils 52.4 bpelec 51.5 bpcomp 54.4 bpoil 50 bpoil 51.3 bpleis 51.3 bpstee 53.9 bpwast 49.5 bpelec 50.2 bpsemi 50.9 bpheal 52.6 bpoils 49.5 bpleis 50 bpoil 50.6 bpleis 52.5 bpleis 48.5 bpsemi 49.5 bpstee 49.4 bpelec 46 bpheal 47.6 bpwast 47.3 bpbiom 45.3 bpbiom 45.1 bpstee 44 bpstee 46.1 bpoils 41.1 bplati 42.3 bpbiom 38.2 bpbiom 42.3 bplati 34.6 bpsemi 41.3 bpprec 31.51 bplati 34.6 bpprec 24.6 bpprec 24.6 bplati 30.8 bpprec 29.4 bpintl NA bpintl NA Remember, those sectors 70% above are in the overbought area and those 30% are below are in the oversold area. Note that the Semiconductor Sector is at 41.30%. This is one reason which I believe that any Sector rotation from the big caps will rotate into the SEMI's, AMAT being one of this sector. This may explain why that we have seen a move up today to $35.875 today in AMAT today. The Bull support line is now at $34. I expect that we will have additional movement upward. Hopefully, we will hit and break a triple top ($38) when it hits $39 per share. If this happens then we will have an additional jump upward. We shall see in the next few weeks if my opinions bear me out. Naturally, the above is only my opinion and the data which I have reviewed from the Dorsey Wright site. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." Any opinions? Regards, Paul V.

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