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

To: advocatedevil who wrote (46463)	5/9/2001 6:43:45 PM
From: Jacob Snyder	Read Replies (4) \| Respond to of 70976

ST trading, and macro rambling: For AMAT, 50 looks like solid support, since the 4/18 gap-up thru that former resistance level. The daily lows have been in the 50-51 area on most days since 4/18. Classic pattern, indicating going long at 50 is a good trade. The NVLS chart looks even prettier, solid support at former resistance, and the 50DMA crossing over the 200DMA. siliconinvestor.com And this, while the market shrugs off an unending stream of bad macro, tech, and sector news. Unemplyment up is good news, because it means the Fed keeps lowering. But bad news about inflation (especially in service sector wages) is ignored, even though this throws into doubt the hope that the Fed can lower rates to whatever extent needed to avoid a recession. I'm thinking about going long soon on AMAT at 50. But when do I sell?