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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (53171)	8/24/2011 7:20:01 PM
From: Jacob Snyder	2 Recommendations Read Replies (3) \| Respond to of 95383

AMAT chart, prediction, and buy plan: Prediction: AMAT hits 8$, before end-2012, and at least 16$ on the next upcycle. The chart tells us, what the last 2 earnings seasons have been saying: the top is in, and the trend is down. Fundamentals and TA agree. The bottom will be, approximately: 1. after RSI on weekly chart goes below 30 2. not before the stock is at least cut in half, from the previous cycle high (16.93$ in March 2011). This always happens, every cycle. 3. when rallies stop failing at the 10wma (=50dma) 4. MACD crossover 5. when I am scared to buy, scared to even look at my portfolio, almost too scared to think (that's why I need a plan, because it's difficult to think clearly at those times). Plan: Wait. Keep waiting. Load up at 8$, sell half when it hits 16$, hold the rest forever (while collecting steadily growing dividends).