Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 222.84

-2.6%

12:13 PM EST

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To: Paul V. who wrote (21908)	7/17/1998 1:13:00 AM
From: TechTrader42	Read Replies (1) of 70976

I stand ready to buy more if AMAT drops but am wondering whether it will now drop in the low $20's after reviewing the TA charts. One interesting little development on the TA charts is that MACD(13,34,89) has just crossed up through the signal line -- a buy signal. There's resistance at 32, and AMAT made an effort to break through it today, but didn't quite make it. Tomorrow should be telling. If it does break through 32, it could go higher. If it doesn't, it might fall back to support at around 28 5/8. The last time MACD(13,34,89) crossed up through the signal line, by the way, was at the end of March. It then rose to a high at around 39.5, before plunging in the merrye month of May. Brooke

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