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

To: Debt Free who wrote (17643)	3/12/1998 8:00:00 PM
From: Big Bucks	Respond to of 70976

Doug, Re:Notice how for the first time on the chart, the price appears to be rolling over. What I mean is that instead of having a big up and down days, it appears that it wants to go lower in an orderly fashion. Also notice the decrease in volume. I am wondering if from a TA view, if this is a any relevance (like continued weakness, lower volatility, etc) Tough call. IMO, yes the intra-day range volatility seems to be less extreme (max to min). This could be due to fewer trades or due to the support of the Nazdaq reaching new highs, lately, and supporting the stock. My thinking is that since next Friday is options expiration that the MM's want to keep the stock at a base of $32-33 and are trying to minimize any extreme movement. I suspect we will see the stock maintain this trading range thru next week. It is the following weeks that will show the ultimate pricing direction. Just my guess, I could be wrong. Anyone else have a better explanation? Still waiting patiently, BB