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


To: pass pass who wrote (43538)3/12/2001 12:03:16 PM
From: Kirk ©  Read Replies (3) | Respond to of 70976
 
I think the bottom is in and we've seem MANY indications by now...

I just put up some AMAT charts here
suite101.com

I'd appreciate comments on my "TA thoughts" where I point out 3 Counter trend rallies, a 2 month period of testing with a final bottom on low volume and now a series of higher highs and higher lows.

As bearish as the San Jose Mercury News was this weekend, if we don't take out AMAT lows soon, I think the bottom is well established unless the US economy goes into the toilet but I doubt that will happen. I just heard that auto inventories are well down and these are great users of chips...