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

To: Gottfried who wrote (3475)	10/7/2002 8:37:39 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Barron's has a positive article on tech? Surely this has to be one fo the signs of the Apocalypse: Message 18083766

To: Gottfried who wrote (3475)	10/7/2002 9:16:12 PM
From: michael97123	Respond to of 25522

G, Futures up a bit now--Bush speech didnt spook market. Soft spoken, tolerant and wiggle room for him, congress, UN. And AG didnt spook market today. Perhaps those are good signs for Turnaround Tuesday. Mike

To: Gottfried who wrote (3475)	10/7/2002 11:04:36 PM
From: robert b furman	Read Replies (1) \| Respond to of 25522

Hi G, I'ma little numb regarding this whole deal. It is Deja Vu all over again. I've been conservative regarding margin and still the nightmare of relentless erosion rescarrs my brain. These times are trying and emotional. Running for cover is the natural emotion yet - book value is book value. One haunting emotiona is how to deal with the splits - in the past marginal newer lows occurred after the splits. Regardless of the outcome - for prosperity's sake book value less 2.00 bucks is a spike low to endure - it will last only minutes but it may occur. These moments are of maximum stress - I wish no one could be exposed - but yet I KNOW that persistence will prevail. JMHO and All I know is what I know.That's my story and I'm stickin to it.FOR HOW EVER LONG IT TAKES !!! Bob

To: Gottfried who wrote (3475)	10/8/2002 8:21:27 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Wasn't he Bullish just a few short weeks ago? Now he's calling for INTC at $2.00?!?! This is the type of thing I expect to read on Yahoo message boards, not from professionals. What a joke! Monday Technical Commentary Ralph Acampora Managing Director, Global Equity Research 10/7/2002 10:10:05 AM Today I wanted to start where I left off last Monday and compare today's market with a couple of previous markets. In 1974, the S&P 500 formed a double bottom, with the second bottom being a higher bottom. This bottom was accompanied by a crossover on the momentum chart, which eventually led to a breakout on the index. Also notice the bottom formed in 1998. Again we had a double bottom, a crossover on the momentum chart, and a breakout on the chart, thus putting the bull market back in effect. Today's market is not giving us the signs we need to see to support a bottom. Last Friday the S&P 500 came down and while it did not close below the intra-day low, we have yet to see a crossover on the momentum chart. Hopefully in the next couple of days we will see this momentum shift. I don't think this will happen, but this is what we need to have happen in order to secure a double bottom. If you look at the COMP, the NDX, the SOX, the Russell 2000, none of these indexes are showing any signs of a double bottom. Now if you look at the Russell 2000, last September we were very oversold. Off this oversold level we were able to obtain a seven-month rally. If you look at the most recent bottom of the Russell 2000, we were only able to achieve a five-week rally before rolling over and moving to a lower low. You are also seeing this in individual stocks. For example, take a look at Intel (INTC-$17.31-Buy). In my opinion, this stock is going the way of Sun Microsystems (SUNW-$2.42-Buy) to the $2.00 to $4.00 range. Also, look at Centex Construction (CXP-$36.60-NR). Everyone is talking about a housing boom. We'll forget about the boom. Stocks in this group are starting to roll over. You also heard our Chief Strategist tell us you cannot have a bull market without the financials. Well, if you look at Morgan Stanley Dean Witter (MWD-$31.03-BUY) or Fannie Mae (FNM-$63.15-BUY), these stocks are in the mist of major breakdown. The bottom line is that 75% of the S&P 500 groups are either below their July lows or within 10% of their lows, so the picture is not very good. I also went through the 30 Dow stocks to try and get some kind of target. On the upside you could possibly see at most a rally to the 8900 area. On the down side you could very easily see an initial move to 6500 and then potentially 5500. prudential.com