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

To: Tito L. Nisperos Jr. who wrote (22001)	7/21/1998 2:09:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Tito, >The 2-day Yoyo Drop from 32 to 30 5/6 was Too Weak paving the way for the Yoyo Catch over 32. AMAT, now at 32 15/16, is attempting to create a Riser to the 34 to 35 area in 2 to 3 days more...< Using DW's vertical method of calculations I come up with a near potential high of $44 if we break $32 and hit $33. (Seven, $7 (x's) vertical up prior to a reversal times 3 equals $18. Added to a near previous low of $26 equals $44.) The bear resistance line is at $36 at this time and the bull support line is at $29. IMO, once we break the bear resistance line at $36 we should move and break the previous DW high of $39 to $40 and then go to the $44 level. Once we hit the $44 we can then gap up to the all time, post split, high of %54. After the $54 range, then Tom O'Neal's momentum process, "Cup and Handle" come into play and new highs can be reached. But, the question is how long will this process take if at all? DW's method does not measure time. Tito's, "YoYo" pattern appears to be the method AMAT uses in moving upward to new highs. However, if we reverse and break the bull resistance line, $29 and then the double bottom at $28 we could go lower and test the $26 level. AMAT, is amazing. When you think it will go down it goes up and when we think it will go up on projections it goes down. Trying to time this stock by jumping in and out in my opinion is almost next to impossible, IMO. All we know is that Wall Street likes this stock. It can make many individuals rich if the person gets in on the lows and rides the upward tide. IMO, I do not think that we will test the lows again of $26, but, then again, I have been wrong in the past. Big Bucks, Teri, Jacob, and Gottfried what are your thoughts? Just my opinions. Paul V.