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

To: Jacob Snyder who wrote (4742)	1/4/2003 9:25:31 PM
From: robert b furman	Read Replies (1) \| Respond to of 25522

Hi Jacob, I thought the past super peak would be important as it will project forward the resulting size of the trough(as in bigger),read that lower,or if not lower then longer. It would be as if you measured the mass above the median and then extropolated into the future,requiring the same mass to occur below the median. Then as a fine tune the long term regression line (representing the long term growth in chips) would make the pain to be paid be a little less than the excuberance that occurred. I can visualize that from the graph G has provided. I'm very ignorant with Excel ( I love to learn new tricks however) and I'm not familiar with the paint feature G referenced. I think these markets are looking very strong - the % of stocks above their 200 day moving average has just spiked up for the last 2 days very strongly T2107 on TC Worden.The last time a spike like this occurred (after a double bottom in the mid to high teens) was October 1998. This could still go awry - but it looks very promising to me.I think next week will give us a very strong breakout and then be followed by backing and filling ( Iraq war ) and then a for sure Bull will emerge upon success in Iraq and the subsequent decline in global pricing of oil. Long term very expansionary for the world's economies.The Arabs are seeing their last great spike in the only resource they have - they need to invest it wisely and not squander it. History is full of cultures squandering great wealth.Romans and Spaniards to name just some of the greatest. Bob