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

To: Lizzie Tudor who wrote (3543)	10/9/2002 3:49:20 PM
From: robert b furman	Respond to of 25522

Hi Lizzie, Some times after being so depressed (like semi's have been) a stock will go thru a setup that makes it look like a big plummet although it may only be a marginal new low. So the set up would be a basic up day with a close at the high of a range followed by a day of new lows and a lower close,followed by more new lows (throughout the range of a that day) and a close with a high in the upper range of that day. In General I've just described the whip lash that is often referred to by the term (buy wiggle).It's emotionally described as a false start,fast shakeout and awhiplash close. A lot of times the friday close is the false start that fails - nice to create a little worry over the weekend - followed by a monday that drops and a tuesday that turns around. Bob