Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Big Bucks who wrote (24399)	9/18/1998 5:55:00 PM
From: Gary Burton	Read Replies (2) of 70976

The move up from 7400 is a classic 'double zigzag fornation (called a B or a 4 in Elliott lingo)----First ZZ was abc to 8039ish--then we had an abc down to 7520ish from where we launched the second and last ZZ. My best guess is that we need to print marginally above 8100 next week (8150ish would mark 38% retracement, a classic stopping point) to complete the whole move--then downtrend towards 7000 begins. Something will come along on the worry front to trigger it-don't know what don't care. Only after the break of 7400 will it be 'safe' to buy, and then probably only for a trade back up to the mid 8000's

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next