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

To: Gottfried who wrote (26655)	11/24/1998 1:06:00 AM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, Take a look at the DW AMAT expanded chart. With AMAT have broken the $39 double top it now has equaled a wide spread double top at $40 the next resistance of October 1997. When we break the $40 level at $41 the next resistance is at $42 then there is a gap all the way to $53 the potential resistance and all time high of $54. We may reach $54 far sooner than we expect. When we break $54 than momentum takes over and as Lester E. stated, "Katie bar the door" William O'Neil's "cup and handle" takes over as AMAT shoots to and past $64 to Tito's $68 to $100 price. It is an exciting time for those of us who own AMAT. IMO, if you consider AMAT's potential price momentum then even at this price the upside potential gain is good naturally not as good as those buying in the 20's or early $30's. Naturally, the above is only my opinions and the data which I have reviewed from the Dorsey Wright site. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." Paul V.

To: Gottfried who wrote (26655)	11/24/1998 7:39:00 AM
From: MrGreenJeans	Respond to of 70976

Ramsey and I... Obviously have differing views and I always keep in mind that is what makes a market. For the record, I am not upset by differing opinions and I always listen to different opinions because I am looking for weak spots in my own arguments where I may very well be wrong in my perceptions. The last thing I want to do is to lose money in the markets because my analysis, as objective as I can make it, was incorrect.