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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (31581)7/23/1999 7:39:00 AM
From: Tito L. Nisperos Jr.  Respond to of 70976
 
Henry D,

RE " this yo-yo drop exceeds the 11%...do you think summer rally is already over??? "

In a Higher Steps Mode under Normal circumstances --- an 11% AMAT YoYo Drop is followed by a Catch Above the point of Release. What is happening now in the Market: Investors selling on Good earnings news is like an Army surrendering to a defeated enemy.

No, the Summer rally is not over yet, things will eventually go back to normal... but AMAT sliding down further than the normal 11% will have a harder or longer time crawling back Up.



To: Henry D who wrote (31581)7/26/1999 4:14:00 PM
From: Henry D  Read Replies (2) | Respond to of 70976
 
i am guessing we are bottoming out this week with AMAT followed hopefully by some buying into earnings and option expiration.

does anybody think we will see 100 sometimes in August???

when is the FED monetary meeting in August?


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