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

To: Jacob Snyder who wrote (33756)	1/13/2000 7:50:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 70976

I agree with you that, with AMAT's industry outlook being very rosy right now, market risk is the main potential downside factor on the horizon. With the tight labor market and rapidly growing economy threatening to push the Fed into continued aggressive behavior, at a time when S&P 500 P/E is at historical highs, and QQQ is at unprecedented P/Es, it certainly seems like caution is in order.

To: Jacob Snyder who wrote (33756)	1/13/2000 10:06:00 PM
From: Lone Star	Respond to of 70976

Well, in that year, the Naz went up 80%. You lost opportunities in a year the likes we may never see again. And even with that, the tech revolution is gaining momentum, expanding ever more expoentially. Anyway, best of luck on the sidelines- can't fault someone too much for worrying about capital preservation. P.S. I do agree it will be a stock pickers market, especially after Greenspan's comments. But, in the world of new software,internet co.'s, there are so many ways to make money. I'm in one stock, ELON, I bought at 16 is at +40 in a month. I've hit a few others, and am up 230+% in just a few months. To this thread, AMAT and this sector will print money for the next few years no matter the market save a major event.

To: Jacob Snyder who wrote (33756)	1/14/2000 11:47:00 AM
From: Gottfried	Respond to of 70976

Jacob and all interested in market direction, Tom Dorsey - purveyor of PNF TA data - has put his tutorial on a free web site. Previously it was only on the DWA subscription site. I have found the bullish % market indicators simple and reliable. It does take some effort to understand the concept, but is well worthwhile. There is also an SI PnF archive thread with many case histories. Jan's [Ms X now] "Anatomy of a correction" is especially interesting. Tom Dorsey will also post the actual bullish % [bp] numbers on the free site sometime today. The biggest obstacle to understanding bp may be the terminology, which at first sounds strange. Bullish percent means just 'percentage of stocks having a buy signal'. Supply and demand - regardless of the reason for it. Tom Dorsey's free site dorseywright.com the tutorial 204.232.40.6 anatomy of a market correction Message 11144098 Gottfried