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

To: Gottfried who wrote (14264)	1/8/1998 1:26:00 AM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, >Paul, does your projection say when the target high of 53 would be reached? Regarding...< The increase of the semi sector today to 34.30 surprised me. Looking at past years on the DW Charts the runups from low to high and high to low appear to normally take from 6-9 months. A precise length of time just is not possible since there are so many variables. Dorsey Wright does not predict time nor do I. When I indicate high, I am talking about the sector reaching the 70 percentile up. Since the sector and market supposingly make up 75% of a specific stock's price the total market will have a big impact how how amat progresses. With the OTC being down first and the most I expect it will recover first and with it the semi's and amat. One thing we can not count on with amat's price is its past EPS since Wall Street is looking 6-9 months ahead in the semis prices. It appears that Tito and I are again in the same ball park with our price hunches. Naturally, this is my personal opined interpretation of the DW Charts, caveat emptor. Regards, Paul V.