Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

3:59 PM EST

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To: Paul V. who wrote (29992)	5/8/1999 12:42:00 PM
From: Gottfried	Read Replies (1) of 70976

Paul, bearish resistance line extends to 60, so 61 intraday breaks it. Just as you said. 60 breaks a double top, which is the next buy signal. Yes, the vertical price target is 79. Remember that Tom Dorsey says he doesn't use targets much, as they are more suitable for traders. Anyway, better an educated guess than nothing. You say >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 Months or weeks? It probably doesn't matter much to those who hold. Have you counted your money lately?<G> Gottfried

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