Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

3:59 PM EST

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To: blake_paterson who wrote (25437)	10/18/1998 10:01:00 AM
From: Chuck Williams	Read Replies (1) of 70976

I really like PEI. They seem to have a well-founded, "big picture" perspective. They realize a 1/4 point ease by the Fed isn't going to fix all that ails our global economy (unlike the traders who bid up the US Stock Markets last week). It's interesting to note how their opinion differs from the "wall-street wonders" who provide guidance. Their use of FA and TA to bolster their assertions is compelling, and I usually do not disagree with their reasoning or supporting data. Edited: Although the larger problems have not been addressed, I would not be the least bit surprised by a continued market rally due to all the people trying to get a dance with the prettiest girl at the prom. I think breaking 8000 has a significant psychological importance and it will be in.teresting to see how high we go before falling beneath it again Edited 2: Looks like pretty good support at around 8200, eh? I'm running out of "edit time" so can't spend a lot of time staring at the chart.

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