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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: GTC Trader who wrote (14887)	4/21/2001 5:49:17 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Careful with AMAT, you may not be able to make money on it, technically it should hold above $52, of course, if it breaches that level, then you are OK, but you got to pay attention to the TA for now and use weakness for tactical retreat, go to the dark side on those that have not painted bullish patterns, right now, that one is very strong. It is strange and could very well change, particularly if MU (that has not breahed) and INTC (which already show signs of weakness) are not leading this forray. Very unusual for the chip equip to reverse a cycle before the chips themselves, typically INTC should have been above $37 if AMAt got above $52. That is one reason that I am suspicious of the recent strong move in the equip sector and have stepped aside (apart of a small attempt at NEWP). Zeev