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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

3:59 PM EST

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To: Bruce Dorval who wrote (24396)	9/18/1998 12:54:00 AM
From: Big Bucks	Read Replies (3) of 70976

Bruce, My interpretation of a "flag" formation is a price "trading range" with a slope that increases or decreases within the limits of the range over time. A line drawn across the peak high ranges and the peak low ranges establishes the trend trading range. Once an errant peak violates one of the trend range limits to the upside or downside it indicates a likely change in momentum in the direction of the change. decisionpoint.com IMO, the short term 20 day MA will start moving up and start to track the "flags" upward bias which is short term bullish. The mid term 50day MA is just crossing the long term 200day MA to the downside which is bearish, IMO. The 200day MA has lost its upward trend and is leveling off which, to me, indicates that the long term upward trend is neutral but shows that the market isn't exhibiting the strength experienced through all of '98 till recently . To me, that is bearish, indicating a weakening market. taguru.com Maybe one of our TA experts can comment/interpret the chart more clearly. Just my opinion, BB

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