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


To: The Vinman who wrote (19109)4/30/1998 6:12:00 PM
From: Gottfried  Respond to of 70976
 
Vinman and all, Tom Dorsey's latest market analysis can be found
at exchange2000.com

Something to think about.

Here's a link to a story about "range trading"
with AMAT as a specific example...
investor.msn.com

GM



To: The Vinman who wrote (19109)4/30/1998 10:08:00 PM
From: nnillionaire  Read Replies (1) | Respond to of 70976
 
Vinney,

You must really be frustrated. I've read your posts on the AMAT, IBM, and HP threads within the last few weeks. You advocate shorting them all, but they are all up in the same timeframe. I guess Mick Jagger was right when he sang that "...you can always get what you want."

You have great logic, but you shouldn't try to fight the tape.



To: The Vinman who wrote (19109)5/1/1998 12:11:00 AM
From: Paul V.  Read Replies (1) | Respond to of 70976
 

The Vinman, >I it breaks support at 35 it could move lower.....its a day trader at the moment, if you want to make easy money, short
it during the run ups, and buy it when it weakens, the last couple of days, it has worked like a charm....<

Or if AMAT hits $39 it will form a triple top. Breaking the triple top at $40 will give it the probability for being profitable at 87.9%, with an average gain of $28.7 over 6.8 months. $28.70 plus the recent low of $32 gives us a near price of $60.70 within 6.8 months--not a bad gain. However, when AMAT breaks the $54 previous high AMAT will have completed the cup and handle of Tom O'Neils approach then momentum buying will take over.

Just my opinions.

Paul V>