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

To: Cary Salsberg who wrote (52995)	9/24/2001 12:37:20 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

I will sell into it [a rally] when companies reach close to fully priced levels. How do you determine when such levels are achieved in the absence of meaningful changes in visibility? Do you ever look at charts or use TA? Can I assume this will be a scale-up sell plan, rather than all at one level?

To: Cary Salsberg who wrote (52995)	9/25/2001 4:53:08 PM
From: shoe	Respond to of 70976

Hi Cary: My response to you got interrupted yesterday. Basically, I was saying that the chief technical analyst at S&P (for S&P Outlook) agrees with you. He is looking for a primary low and thinks that if we have just seen one, it will be tested in the next two to six months. "Historically, most major market lows are double bottoms." He also thinks that "many sentiment indicators have now moved to extremely bearish levels." Viz: CBOE put/call ratio......has exceeded 1.00 Volatility Index (VIX)...57, highest since 1998 mkt bottom VXN......................soared to 99 more newsletter writers are bearish 14-day Relative Strength Index for S&P 500 is most oversold since 10/87; for NASDAQ it is the lowest since 8/90 etc. See the Sept. 26, 2001 issue. Happy bottom fishing. Paula Metz