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To: advocatedevil who wrote (3447)12/26/2002 4:49:13 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: I covered my ALTR at break even today too. I can't help but wonder if the head and shoulder patterns I am seeing here won't get at least a little more swing to the upside before caving in.

Take a look at the SOX Daily Chart and count the number of days from the left shoulder to the top of the head. Then count the right shoulder formation. You'll see what I mean when I say that until the first of the year we are likely to be just working on that shoulder padding.

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G

But after that AD it probably won't be pretty for long stockholders in my opinion.

RtS



To: advocatedevil who wrote (3447)12/26/2002 6:03:45 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 13403
 
OT **

AD, This is twice you short while AMAT is dropping to a support level. I assume expecting a continuation of the down-trend momentum to cause a break down. Each time it reversed to the up-side out of the blue. Then you press the play a couple times till it reaches a resistance level.

I'm wondering what it means for AMAT that is does not break down, even though every bear and his cousin-in-law is trying to heave it over the cliff ?

Well, this is twice you managed to pull the chestnuts out of the fire. Is the third time gonna be the charm ?

Good luck,

Sarmad



To: advocatedevil who wrote (3447)12/27/2002 9:43:51 AM
From: advocatedevil  Read Replies (1) | Respond to of 13403
 
AMAT ST SS 7,000 shares averaged here at $13.83

Well, never got da chance this morning to enter the dark-side near $14, but I feel like playin' da game (with a toned down position).

AdvocateDevil