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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (5860)	6/26/2002 2:13:08 PM
From: SusieQ1065	Respond to of 17639

13:49 ET AMAT Applied Materials Intraday (18.66 -1.14) -- Technical -- While chip equipment names are generally strong today, sector leader AMAT is unusually weak. Stock is currently trading towards its worst levels of the session and appears to be situated for a retest of its Monday low at 18.41. Failure to hold 18.41 would open the way to a test of subsequent support at 18.22 followed by a more significant floor at 17.93. The intraday tone would improve if the shares could reclaim ground above 18.77.

To: SusieQ1065 who wrote (5860)	6/26/2002 2:15:54 PM
From: X Y Zebra	Respond to of 17639

Actually I am a little surprised by both... First, the big hoopla about WCOM I mean the market had already told us the think stank to high heaven.. that's why it was already a penny stock, possibility of bankrutcy and so on... Then... the media trumpeting here it comes... the big capitulation (and yes, the futures sort of pointed that way I suppose --well at least it fooled me)... yet... Well it does not look like capitulation at all... to me it looks like more of this dragging grinding lower... which, at least for me, it has made trading more difficult as I am not trusting what I read as I am expecting either a large down pull, and if it does not happen then a considerable bounce... But none of the two scenarios are happening... which makes me just sit here ... useless. --- Flash no change on Fed position--