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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (27582)	12/15/2001 10:50:39 AM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Ditch, the SOX briefly popped above its 200 day MA last week, and ended the week a hair below. AMAT, considered the group leader, has a similar chart to the SOX, piercing through but ending the week under resistance. From today's Barons: <Applied Materials, one of the class acts in semiconductor equipment, owned up to a lugubrious fourth quarter, with sales dropping 57%; new orders were conspicuous by their paucity and income from ongoing businesses fell a tidy 97%. That the company wasn't expecting an instant rebound, our colleague Jaye Scholl points out with her laser-like logic, was implicit in its announcing a sizable number of layoffs. Usually, you don't can people if you expect a big surge even six months down the road. And, in case you haven't been watching, Applied's customers, notably those who make DRAMS, have seen the modest uptick in prices reverse, a circumstance that doesn't exactly square with the optimism the Street has been exuding about the chip business.> ATML's chart follows a similar pattern, differing only in lacking strengh to tackle the 200 day MA. Currently the chart features a triangulation of MAs with low volume, indicating that a strong move in one direction is coming. There's a gap at 7 going back to October that serves as bottom target and the 200 day MA at 10.05 is the overhead resistance. Sergio

To: Ditchdigger who wrote (27582)	12/15/2001 12:19:37 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Ditch I've been keeping an eye on ATML as I know it is one of your favorite traders. stockcharts.com[l,a]daolyimy[dd][pb50!b200!d20!c10][vc60][iUb14!La12,26,9!Lp14,3,3!Lc20] This don't look too good to me as the price has moved below the 10dEMA. However, the sell down is way overdone when looking at the b bands. Generally, when the price is below the bottom band the move has been overdone to the downside. That being said and knowing the way you trade I'd be gone at the 10dEMA at about mid 8. The herd is starting to run downhill..... Ken