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

To: Gary Burton who wrote (24413)	9/18/1998 10:32:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

Gary, Thanks for the TA analysis, excellent. I'm about 70% sure that you are correct on a drop below 7400 in the DOW, in fact I've been waiting for it as it will bring the NAZ and the majority of stocks down with it. There will be much gnashing of teeth and a torrent of "blood", time for the "sharks" to go on a feeding frenzy. I expect that AMAT will be between $18-22 at this time. I have been calling for the "mother of all corrections" on the DOW since very early July, we saw part of it in late August and I expect to see the rest of it in Oct/Nov, actually the August correction occured about 5-7 weeks earlier than I thought it would. My read is that we will have a "double" correction rather than the 1 "big one" that I originally projected, due to earnings announcements/preannouncements/warnings. I expect to start seeing more negative pre-announcements next week and the week after that will make investors/institutions more nervous than they already are. Couple that with any "bad" news and, well you know the rest. I would urge investors to get some cash together for the upcoming Smorgasboard, anyone remember my "surfing" analogy from last year? Now is the time to start paddling to get the momentum going in the right direction. The oncoming wave that I want to catch is just a small swell that hasn't reached me yet, but I see it gathering in the distance. I want to be up to speed by the time it reaches me so I can mount it easily and go for a long ride as the wave builds in size over the next 12-18 months. Thanks to all for putting up with my analogies/metaphors over the last 1-1/2 years, hopefully they have added some "color" (or as Aki would spell it colour <G>) to the thread. I tend to get more "colorful" when I see major events developing in the markets (or when I've had a few!!) <VBG> Now where did I put that bottle of White Zinfandel??? BB