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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (1968)8/1/2002 12:53:39 AM
From: Gottfried  Read Replies (1) | Respond to of 25522
 
Stan, good work. Another topic, bpnyse still has not reversed into Xs and that means there is not yet a general buy signal. But Chartcraft, who started all the bullish % activity in the '50s says today...

Wednesday, July 31, 2002

Markets finished mixed to slightly higher, but the best news was almost all of Monday’s gains of 5% held in the face of reports of declining consumer confidence. Consumer buying has pulled the economy out of recession, and is investment by industry is needed to carry forward with expansion from here. Only modest improvement in our breadth indicators from very oversold levels.
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chartcraft.com

According to Stockcharts bpnyse [they call it bpnya] needs another 2% of stocks on buy signals to reverse into Xs and give the 'bull alert' signal.

Maybe by next week.

Gottfried