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


To: robbie who wrote (16954)3/3/1998 3:17:00 PM
From: Big Bucks  Read Replies (2) | Respond to of 70976
 
Thread,
Looks like the 10 day and 20 day MA will cross today or tomorrow,
likely indicates a decrease in stock price as they cross. Could
represent a 10% or more correction from here, based on previous
confluences of the trend lines. IMO it will take 5 or 6 trading days
to bottom out, very short term of about 2 weeks. May get another
down turn after day traders bump it up for a few days from the
nearest forthcoming low.
iqc.com

Any comments, other opinions on the TA analysis, appreciated.

Just my opinion,
BB