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Politics : Formerly About Applied Materials
AMAT 235.35+4.5%3:28 PM EST

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To: Proud_Infidel who wrote (27902)1/28/1999 9:24:00 PM
From: Paul V.  Read Replies (2) of 70976
 
Brian, Gottfried and threaders, following is that Dorsey Wright data effective the close of today.

Date: 1/28/99
Symbol: AMAT
Name: Applied Materials Inc
Recent Price: 59
Sector: Semiconductors, Bull Confirmed 76 +
Sig: Buy
Relative Strength Col: X
Trend: +
Point & Figure Sig: Buy
Momentum: +
Momentum Weeks: 2
Pattern: Double Top

The statistical Probabilities of Chart Patterns for double top pattern is Profitability is 80.3%, with an Average Gain of $38.7 over 11.5 months. AMAT's more than doubling in price during the past cycle took place in 12 months low in 1996 when it reached a high of $108.

Naturally, the above is only my opinions and the data which I have reviewed from the Dorsey Wright site. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)."

Paul
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