Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 319.11

+5.7%

Jan 15 3:59 PM EST

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To: Duker who wrote (29809)	4/29/1999 2:28:00 PM
From: Gottfried	Read Replies (3) of 70976

Duker, please at least try to understand resistance. It works often. If a stock price has [preferably repeatedly] gone down to a certain level and then turned up, that means sellers were done selling. If some of the the same investors still hold the stock, they more often than not will hold if the stock goes down to resistance again. If it goes below resistance, the holders may now become sellers and it's a new ball game. It is all based on psychology. A good example is ESV: it tested resistance at 9 repeatedly, meaning nobody wanted to sell at such a low price. iqc.com Many investors use these indicators and it is best to know of them. You don't have to believe.<g> Gottfried

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