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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

3:59 PM EST

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To: Big Bucks who wrote (25338)	10/15/1998 10:19:00 PM
From: Gottfried	Read Replies (1) of 70976

Big Bucks, [edited] re heads and shoulders: just to argue - the pattern formation is still so incomplete, it must be in the eye of the beholder who is letting hope interfere with cold-as-steel TA. <G> For other readers who think we're talking of shampoo, here's an explanation of this TA signal... prstrading.com quote The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well.< AMAT is not in a secular uptrend. Yet. 207.95.154.130 IF it is to become a H&S, then we should know in about 4 weeks. Even if it becomes a H&S, it could fail (i.e. not predict a downturn). TAguru's site has a nice example of this... taguru.com formerly known as GM

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