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Politics : Formerly About Applied Materials

AMAT 231.55

+3.4%

11:22 AM EST

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To: Gottfried who wrote (29958)	5/8/1999 12:53:00 AM
From: Paul V.	Read Replies (2) of 70976

Gottfried, I just extended the Bear resistance line for AMAT. For an upcycle (box) of "x's" next week it will take a price of $60 to equal the bear resistance line and $61 to break it. When it hits $60 it will have broken a double top at $59. If, the column of "O's," drop from $63 to $49 was a shakeout, with the immediate up column of "x" boxes totalling $10 to $59, then using the DW Horizontal method of projecting I get a immediate up potential of $67 in the near future. Using the Vertical method I get a calculation of $79. Therefore, the range for AMAT, if it breaks the double top and bear resistance line, is $67-$79 in the next few months. This could possibly happen during the next three weeks Gottfried, please check my data from the AMAT DW charts to see if we agree. Perhaps Tito's construction workers can give us their perspective.<g> Gottfried, you may want to pull up the DW djbb, DOW 20 Bond Average which Tom Dorsey establishes the direction of interest rates. The DW chart is interesting when comparing it back to June 1995. Just my opinions. Paul

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