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

To: Gottfried who wrote (57309)	12/12/2001 11:41:40 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

G, I'm pretty sure your leaps will be in the money by March. Unlike some others I wont mention (Jacob) who seem obsessed by nice round numbers (50) I don't see significant resistance until 59 or so. I might be in the market for a second hand bull suit, if I can get one cheap enough.<g> Sam

To: Gottfried who wrote (57309)	12/13/2001 12:20:47 AM
From: Paul V.	Respond to of 70976

Gottfried, The DW bull support line for amat is at $40. However, may times it reverse down $3-4 and then goes even higher. DW has an immediate high of $51 on its chart target. However, the NAIC model we use (fundamental analysis) with the highest and lowest out years removed show the buy range at $35.8-50.4, the hold range at 50.4-64.9, and the sell range at 64.9-79.5. However, from my experience AMAT's highs runs higher than these prices and the lows during the last two cycles were at $21 with $26 being the low so far. The pattern looks good since AMAT hit %46. CSCO's ranges are: buy range at $11-20.2, the hold range at 20.2-29.5 and the sell range at 29.5-38.7. However, I again think these are to low, especially,with what Tito has to contribute. Normally, the equipment makers lag the manufacture makers. If this is true the IBD industrial subsector ranking has the manufactures at a ranking of 6 out of 197 and the equipment makers of 93 of 197, #1 being high. Therefore, IMO, the equipment markers have a lot more room to move up even though the DW semi's at the 78% overbought area. I would not buy intc. Check the patterns for each and the statistical significance of the pattern which I have posted in the past. Only the oil, oil services and latin america are in the oversold area. Just my opinions. Paul