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

To: Jacob Snyder who wrote (57979)	12/20/2001 9:17:58 PM
From: Justa Werkenstiff	Respond to of 70976

Jacob: Re: "The day of max panic in the market, was not September 17. It took another couple of weeks; TXN bottomed at 20, and we have not taken that out yet." A couple weeks? Try days. Tonight the stock closed at $26.50 and had an intraday low of $25.50 Here are the closes for the market bottom week: 9/17 $27 9/18 $24.30 9/19 $23.90 9/20 $21.73 (intraday $20.10) 9/21 $23 Average closing price: $24 One of the very interesting things about TXN is that it bottomed before the Sox. I guess this is what got you confused. The Sox bottomed on September 27th at 361. It closed tonight at 507. It is now 40.44% above its low. TXN, on the other hand, is 22% above its closing low. So, TXN was showing relative strength is the September decline while it is showing relative weakness now. Good luck.