Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.31

-3.2%

Nov 13 3:59 PM EST

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To: Jeffrey D who wrote (29745)	4/28/1999 1:01:00 PM
From: Paul V.	Read Replies (4) of 70976

Jeffrey, Paul, I believe you pointed out 56 as a major support level. Correct? Jeff At $56 it appears that AMAT would be the bottom of a bull support line if drawn from the low of $55 earlier. However, if it hits $55.00 then it forms a triple bottom. Breaking the spread triple bottom of $55 to $54 indicates that AMAT will probably go lower. Then, again, it could be forming a side triangle and getting ready to break through the bear resistance line of $62 when it reaches $63. Wish Tito's construction workers would come back to work. Guess, we are going to have to increase their pay, Gottfried!<gg> My concern is that AMAT is not making gains with the rest of the market up turn. I will post the bull percentages as soon as I get them posted on my spread sheet. I should have the DW Bull percentages posted no later than 2:00pm cst. Just my opinions. Paul

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