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

To: Big Bucks who wrote (14014)	1/1/1998 12:49:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

BB, I'll look at Kevin's charts and reply after. First this... briefing.com mildly bullish on semi equipment makers: briefing.com The market did it again, finishing last year with a gain of at least 20%... The strong rally in the technology sector was partly responsible... However, the outlook for 1998 isn't as bright... Techs are expected to start the year with a whimper based on slowing earnings growth and lingering anxiety over the long-term impact of Asia's financial crisis... The sector's deteriorating technical tone also bodes poorly... So while we could see some early-Jan gains (due to favorable seasonals), Briefing expects earnings disappointments to spark renewed weakness by mid-month. Briefing also expects the Internet stocks to suffer through a tough 1998 as more difficult trading conditions in general triggers a material contraction in multiples... The PC makers should also struggle to keep pace with the market... On the flip side, chip equipment, disk-drive and networking stocks are well positioned for a moderate rebound by mid-1998. Gottfried

To: Big Bucks who wrote (14014)	1/1/1998 1:29:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 70976

BB, I assume you looked at Kevin's daily chart... chart2.bigcharts.com:80/chart?time=7&freq=1&uf=32&lf=268435456&type=1&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=amat&ma=3&comp=&trans=0&r=chart&sid=614&sec=c&xyz=54139937&s=11928 I sort of see what you describe. But why must the peak/valley pattern repeat? Some TA guys would draw a straight line touching the last two peaks. AMAT is about to break through that line in an upward direction. I'm out of my TA depth here, but I think a breakout like that is considered bullish by some. Maybe Kevin can tell us why he uses 10 and 20 day MAs and what their crossings mean to him. I also wonder what volume-by-price can be used for? The largest v-b-p was at 34. Would that make it resistance? (because all buyers at 34 then break even). When you saw Elvis at Taco Bell - was he a cashier? <G> GM