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

To: Gottfried who wrote (25717)	10/24/1998 3:40:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, Tito and All, My R/S chart which I chart using the IBD Data show that AMAT has just broken another Relative Strength double top of 72% when it hit 81% as posted in the Friday's IBD Tables. In 1996, when the RS ran up this high and higher to 87% it was followed by a drop to 60% but then rebuilt its support by January 1 and broke out to the 90% and up to the high 90's. IMO, I expect the same thing to happen again. Naturally, when this happens the price also follows along. This corroborates what Tito and others appear to be saying, except the bears.<g> Just my opinion. Paul V.