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

To: Gottfried who wrote (14011)	1/1/1998 12:40:00 AM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

GM, I've been studying Kevin Hanson's TA charts. Some things jumped out at me and I wanted your opinion on my "perceptions"/analysis. 1. The up move seem to have a period of about trading 9 days from the low to the next high peak. 2. The down move from the high, seems to have a period of ususally 6 days. with some scattered "noise" of 1-3 days. 3. The "cycle" up and down is about 15 trading days. 4. When the 10day and 20day moving averages converge the stock hits its peak about 3-4 days after the convergence at about 10% above the convergence price. 5. The sell off is about 20% from the high. Do you see this pattern in the trading? Could it be an artifact due to program trading? If the pattern holds, then there are about 3 trading days till the next high and the sell off. What do you think, or am I having delusions? Could be early senility setting in, I thought I saw Elvis working at Taco Bell the other day. 8^) Thanks, BB