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

To: stox19 who wrote (58538)	1/8/2002 4:18:20 PM
From: Return to Sender	Read Replies (1) \| Respond to of 70976

It could be read that way it is true. I however see the action as distribution before a brief fall over the next few sessions. Take a look at the weekly chart here from StockCharts using candlesticks. See that black doji representing last week's trading? It could be significant portending a change in direction from up to down: stockcharts.com[h,a]waclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] Now look at the daily chart and we see that a case could be made to support consolidation before a rise as you suggest but remember that despite the positive action of AMAT neither AMAT nor the SOX hit anything other than lower highs and lower lows in today's trading: stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] Still holding my short position of 2000 shares of AMAT, RtS