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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (35755)1/3/2002 4:28:58 PM
From: Return to Sender  Read Replies (1) | Respond to of 67750
 
Harry, I have the upper Bollinger Band at 46.45 on AMAT.

stockcharts.com[h,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14]

The SOX moved briefly above the post 9/21 recovery high today. I see the upper Bollinger Band there now at 599.29

stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14]

I do believe it will be difficult for the SOX and AMAT to move much higher but there is now a lot of optimism that we will finally see an actual recovery in the semiconductor industry. Also you may want to take into account the seasonal rise seen in AMAT in January and February as it has been quite positive most years:

insider.thomsonfn.com

I'm letting my winners run for now but I would be happy to book my long profit on AMAT at or near your stop of 47.

RtS