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

To: Proud_Infidel who wrote (14887)	5/10/2005 12:39:06 PM
From: Return to Sender	Read Replies (3) \| Respond to of 25522

One of the problems with technical analysis is that it can be used to support virtually any point of view. For instance what you said was true. There have been successive higher lows. In that respect there is something of an uptrend in place based on a long term lower trendline. stockcharts.com But is it really an uptrend if there are not also higher highs within it? The answer is no. It simply shows that AMAT has support along the lower trendline where buying the stock is possibly as low risk as you can get for timing an investment in AMAT. Put a line below those lows Brian and you may find as I did that AMAT seems to have temporarily traded below the lower trendline. The stock needs to hold on now and start making higher highs off the recent low of 14.33 instead of going on to make new lows for the lower trendline to be valid as support: stockcharts.com[w,a]maclyiay[d20000510,20051231][pb10!b20!b80!i!d20,2!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G Brian, if you want to understand technical analysis spend a few hours reading about it at StockCharts.com. Unfortunately understanding alone will not lead one to profits: stockcharts.com RtS