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


To: Tom Pulley who wrote (17769)6/13/2001 1:21:20 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
Tom, if you would ask Larry, he'll tell you that AMAT has not moved to bull, until it breaches its late April highs. Soon, it is going to be two months since that high was printed, and by then, it is becoming doubtful if the buyers can muster enough buying into it to get it above that high, without a very sharp consolidation. MSFT is indeed another story, but it will have to hold the $68 or so area on any retrenchment to stay bullish, IMTO.

Zeev