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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Lane who wrote (13491)12/17/1997 12:09:00 AM
From: roly  Read Replies (2) | Respond to of 70976
 
Lane

See below. Select candlestick, bolinger band for better TA.
The stochastic looks good, %D is below 20% (green line) and %K crossover. This should be very bullish. Also RSI is around 30 and momentum still at negative which are indications that stock is still oversold.

By the way, there's a real Hong Kong "Chicken" Flu going around which I saw in the news and already have killed 9 in HK. Please don't confuse this with the financial "Asian Flu".

dailystocks.com

Good luck.

Roly




To: Lane who wrote (13491)12/17/1997 12:15:00 AM
From: Ed Stern  Read Replies (1) | Respond to of 70976
 
The fact that the stock closed in the bottom half of its trading range isn't usually that big a deal from my experience in the market. Of all the tech stocks I follow, this was common today - seems that it peaked midway and the whole thing kind of slid a bit. Tomorrow, the day before is forgotten and if all this news is as positive as it seems, then it's off to the races (at least for awhile). Besides, we have to have the 'Santa Claus' rally - might as well be now - just brought AMAT at $26 5/8 yesterday, so it'll be a nice present !

Good investing to all

Ed



To: Lane who wrote (13491)12/17/1997 12:53:00 AM
From: Tito L. Nisperos Jr.  Read Replies (3) | Respond to of 70976
 
Lane, the Top was supposed to be yesterday (Dec 16) with a room for today, but Good news like the good market news from Asia could let the stock continue upwards some more days. Yesterday (Dec 16), the stock hesitated to overcome the 30 mark---suggesting a top. But, the pullback to 29 could be the springboard to be used to catapult itself back to the 30s...I positioned myself neutral for the time being...