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

To: Joe S Pack who wrote (25599)	10/22/1998 10:53:00 PM
From: Paul V.	Respond to of 70976

Karun,My main focus right now is Banking/brokerage (for long haul) sector. AMAT amazes me with low btb and often repeated mantra "we are stable". All the best. IMO, this is the same scenario as the last AMAT cycle in 1996. The only difference is the R/S is higher which, IMO, is due to the mutual funds getting into AMAT earlier and holding. Today we have seen the RS jumping to the highest that it has been this year at 72. When the RS went this high in 1996 within a few months it was in the 90% and up range. And, the price followed accordingly. Gottfried, using the DW calculation method or projection we are now talking of a price of $52. If AMAT hits $33 on Friday then we are talking of a projedted price of $55. When we reach the $55 range we will have made a new high and completed the "cup" the William O'Neil IBD says is the beginning of a breakout. I am excited regarding the positive DW TA Charts. Tom stated in the offical report that the NYSE, OTC and other Leading Charts set records in this sudden reversals. Tito, now is your time as we begin to stairstep upward toward that $100 goal. Yes, I am Bullish.<GGG> Just my Opinions. Paul V.