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


To: Gottfried who wrote (17352)1/22/2006 9:20:17 PM
From: robert b furman  Read Replies (1) | Respond to of 25522
 
Hi G,

Big volume on a down day after the week before was all up makes things look uglier than they really are.

Haven't seen a crash happen with a positive ADX yet.
stockcharts.com[w,a]waclyiay[de][pb30!d20,2!f][vc60][iut!Ub14!Ul14]&pref=G

No doubt some down tomorrow in AM or even longer but this market got oversold last week and many new small caps are doing just fine as far as holding their trend lines.

Many cross current - but then a lot of sectors are getting very old in the tooth.

Time for a rotation and a little backtesting from the recent very attractive breakouts in our favorite sector.

Bob