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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Teri Skogerboe who wrote (4044)	12/21/1997 12:21:00 AM
From: Investor2	Read Replies (1) \| Respond to of 10921

RE: "The data that we were talking about is the Dorsey Wright positive sentiment data for the semiconductor sector. " Are the data available online? Do you have a URL? Thanks, I2

To: Teri Skogerboe who wrote (4044)	12/21/1997 6:37:00 PM
From: Paul V.	Respond to of 10921

Teri, > The data that we were talking about is the Dorsey Wright positive sentiment data for the semiconductor sector. I'm probably not calling it the right name. Paul is the resident Dorsey Wright guru.< Dorsey Wright, over the internet, on Wednesday of every week comes out with the what they call the Bull Percentages based on the data from the end of the day Tuesday. All Bull percentages, statistically, are based on the bell curve, ranging from 1-99%. The internet Bull % DW CHARTS cover the NYSE, OTC, 10WEEK and 41 sectors. In the full report which I get from a local broker on Thursday additional data is reported, i.e. NYSE High Low Index %, % of stock above their 30 week moving average, advance -decline lines, advisor sentiments, bond indicators, and bell shaped curve for all the 41 sectors as to the position each occupy within the curve. On Saturday, over the internet, I can call up each sector and see the placement of each company within the sector bell curve. Also, at the end of each day I can call up individual stock charts. Teri, in looking at AMAT chart at the end of the day on Friday, 19 the, we had a $4.00 upward reversal (column of x's). If, a big if, the stock does not break down through the bull supportline at 28 to 27, the bear resistance line on this upward "YO" (of Tito's yo yo) is at 41. For a breaking of an immediate double top in this column of "X's," AMAT would have to break $35. If it breaks a double top, according to DW, there is a 80.3% probability that the stock will go significantly higher. However, as Tito's yo yo play's out the bull support line and bear resistance converge at a 90% angle at the $34 level. Again, once it breaks the bear resistance line it has the tendence to go higher. The DW procedure also gives us a formula in tenatively projecting protential upward movement. But, one specific thing it can not project is what Wall Street or events will do regarding momentum and and major sell offs like we saw in July/Aug. Roughly, looking at the AMAT chart, if we do not break down and hit new low, I am looking at potential maximum gain to $53 (27+26 amat's recent low) if we continue Tito's yo yo. Naturally, this is my person opined interpretation of the DW Charts, caveat emptor. Regards, Paul V.