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

To: StanX Long who wrote (60382)	2/12/2002 11:46:12 PM
From: advocatedevil	Respond to of 70976

Stan, Let's look at those charts again on Friday. I'm still thinkin' the overall market moves significantly higher by then. AdvocateDevil

To: StanX Long who wrote (60382)	2/12/2002 11:57:42 PM
From: robert b furman	Read Replies (2) \| Respond to of 70976

Hi Stan, If the referenced post is referrring to "head and shoulders top" then the right shoulder should have less volume than the left shoulder per Thomas A Meyers " The Technical Analysis Course". It's all interpretation here, but I'm thinking Intel fits the classic more than AMAT. I maybe all wet here ,but doesn't the volume on Amat look to be picking up on the right shoulder vs the left???(A head and shoulder top should have declining volume on the right shoulder) - (running out of buyers)?? I'm no guru here - looking for other's opinions?? Bob

To: StanX Long who wrote (60382)	2/13/2002 3:55:03 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Head and shoulders? stockcharts.com[h,a]dahlnyay[db][pb50!b200!f][vc60]&pref=G If it is, then the "head" should be significantly higher than the two "shoulders" on either side. It isn't. Looks more like a double or triple top. Or random movement within a horizontal range of 39-48, which is just about the same old 40-50 range where we spent most of 2001. More importantly, it isn't a confirmed H&S, until you break the neckline. The neckline is at 39 (where we bounced twice). The head is at 48. The difference is 9 (=48-39). So, the TA prediction is: if the stock goes below 39, then it will probably go on down to 30 (=the same size movement as from the head to the neckline). But there is no pattern, no H&S, until you break the neckline. Which we haven't, yet. The H&S pattern, is really just a variation on the general idea that, once a stock has broken below a major support line (or broken above a major resistance line), it tends to continue in the same direction, making a large move.