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

To: Gottfried who wrote (27222)	12/16/1998 4:40:00 PM
From: Paul V.	Respond to of 70976

Gottfried and threaders, DW's Leading indicators, market and sector bull percentages appear to be indicating the we are getting a correction from the recent highs. Just compare the BP% over the past 4 weeks. Pay particular attention to the leading indicators of 10week, bpoptions, hilo and 30 week. Then, compare the bpnyse and bpotc and any change in the various sectors. In my opinion, after being in Hawaii and away from the market data, it appears that the uncertainty of Impeachment, etc. is negatively impacting the market. The positive is that it will give those who did not get into AMAT early the opportunity to get in in order to receive a potential 100% gain or more. I expect that AMAT is experiencing a shareout pattern in DW terms especially since Asia and Europe appears to be holding up relatively well. We must remember that 50% of AMAT's business is outside the US. 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)." Scroll to the right if needed. Paul V. SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent 11/23/98 12/1/98 12/8/98 12/15/98 10week 73.44 10week 69.85 10week 64.59 10week 49.29 LEADING INDICATOR #1 30week 45.4 30week 43.28 30week 43.5 30week 38.04 LEADING INDICATOR #4 bpaero 58.41 bpaero 59.8 bpaero 53.3 bpaero 41.8 bpasia 56 bpasia 56 bpasia 52 bpasia 52 bpauto 50.5 bpauto 53.2 bpauto 53.3 bpauto 51.9 bpbank 51.4 bpbank 51.7 bpbank 50.8 bpbank 47.9 bpbiom 56.3 bpbiom 55.6 bpbiom 54.2 bpbiom 47.2 bpbuil 44.6 bpbuil 48 bpbuil 49.4 bpbuil 47.4 bpbusi 51.4 bpbusi 50.9 bpbusi 53.5 bpbusi 50 bpchem 51.8 bpchem 52.7 bpchem 49.1 bpchem 42.2 bpcomp 61.5 bpcomp 61.6 bpcomp 61.8 bpcomp 55.1 bpdrug 62.5 bpdrug 62.9 bpdrug 62.2 bpdrug 58 bpelec 59.6 bpelec 58.5 bpelec 62.1 bpelec 52.7 bpeuro 55.2 bpeuro 58.6 bpeuro 53.6 bpeuro 46.4 bpeuti 78.3 bpeuti 75.9 bpeuti 75.9 bpeuti 75.9 bpfina 53.8 bpfina 53.9 bpfina 53.9 bpfina 49.2 bpfood 59.5 bpfood 61.2 bpfood 59.1 bpfood 52.4 bpfore 63 bpfore 66.7 bpfore 64.8 bpfore 57.4 bpgame 46.2 bpgame 46.2 bpgame 44.2 bpgame 42.3 bpguti 62.9 bpguti 64.3 bpguti 64.8 bpguti 60.6 bpheal 51.9 bpheal 52.9 bpheal 51 bpheal 49.3 bphous 54.4 bphous 55.3 bphous 55.8 bphous 51.3 bpinsu 61.7 bpinsu 60.7 bpinsu 60 bpinsu 48.2 bplati 62.1 bplati 60.3 bplati 58.6 bplati 55.2 bpleis 43.2 bpleis 43.2 bpleis 40.9 bpleis 40.6 bpmach 45.7 bpmach 47.3 bpmach 48.4 bpmach 43.9 bpmedi 58.7 bpmedi 58.3 bpmedi 61.3 bpmedi 57.1 bpmeta 42.1 bpmeta 40.8 bpmeta 39.9 bpmeta 28.9 bpnyse 60.93 bpnyse 60.8 bpnyse 57.1 bpnyse 52.4 NEW YORK STOCK EXCHG. bpoil 36.5 bpoil 28.9 bpoil 22.9 bpoil 18.2 bpoils 42.7 bpoils 33.3 bpoils 28.4 bpoils 22.5 bpopti 70.84 bpopti 69.18 bpopti 59.52 bpopti 58 LEADING INDICATOR #2 bpotc 56.99 bpotc 62.3 bpotc 61.9 bpotc 55.5 OVER-THE-COUNTER bpprec 37.9 bpprec 34.5 bpprec 28.1 bpprec 24.6 bpreal 35.1 bpreal 39.3 bpreal 39.8 bpreal 39.3 bprest 29.9 bprest 30.9 bprest 34 bprest 34.4 bpreta 58.5 bpreta 61.9 bpreta 56.6 bpreta 53.9 bpsavi 43.1 bpsavi 44.2 bpsavi 44.8 bpsavi 44.8 bpsemi 73.5 bpsemi 70.3 bpsemi 81.2 bpsemi 60.4 bpsoft 60.2 bpsoft 60.6 bpsoft 62 bpsoft 57.9 bpstee 35.8 bpstee 34.3 bpstee 34.3 bpstee 39.9 bptele 63.9 bptele 62.2 bptele 60.7 bptele 55 bptext 45 bptext 43.5 bptext 44.4 bptext 42.6 bptrans 58.7 bptrans 56.5 bptrans 57.6 bptrans 48.9 bpwall 59.6 bpwall 61.4 bpwall 57.9 bpwall 52.6 bpwast 23.5 bpwast 23.8 bpwast 22.8 bpwast 21.5 HiLo 68.1 HiLo 70.8 HiLo 54.6 HiLo 51.8 LEADING INDICATOR #3 NUMERICAL ORDER SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent 11/23/98 12/1/98 12/8/98 12/15/98 bpeuti 78.3 bpeuti 75.9 bpsemi 81.2 bpeuti 75.9 bpsemi 73.5 HiLo 70.8 bpeuti 75.9 bpguti 60.6 10week 73.44 bpsemi 70.3 bpguti 64.8 bpsemi 60.4 bpopti 70.84 10week 69.85 bpfore 64.8 bpopti 58 LEADING INDICATOR #2 HiLo 68.1 bpopti 69.18 10week 64.59 bpdrug 58 bptele 63.9 bpfore 66.7 bpdrug 62.2 bpsoft 57.9 bpfore 63 bpguti 64.3 bpelec 62.1 bpfore 57.4 bpguti 62.9 bpdrug 62.9 bpsoft 62 bpmedi 57.1 bpdrug 62.5 bpotc 62.3 bpotc 61.9 bpotc 55.5 OVER-THE-COUNTER bplati 62.1 bptele 62.2 bpcomp 61.8 bplati 55.2 bpinsu 61.7 bpreta 61.9 bpmedi 61.3 bpcomp 55.1 bpcomp 61.5 bpcomp 61.6 bptele 60.7 bptele 55 bpnyse 60.93 bpwall 61.4 bpinsu 60 bpreta 53.9 bpsoft 60.2 bpfood 61.2 bpopti 59.52 bpelec 52.7 bpwall 59.6 bpnyse 60.8 bpfood 59.1 bpwall 52.6 bpelec 59.6 bpinsu 60.7 bplati 58.6 bpnyse 52.4 NEW YORK STOCK EXCHG. bpfood 59.5 bpsoft 60.6 bpwall 57.9 bpfood 52.4 bptrans 58.7 bplati 60.3 bptrans 57.6 bpasia 52 bpmedi 58.7 bpaero 59.8 bpnyse 57.1 bpauto 51.9 bpreta 58.5 bpeuro 58.6 bpreta 56.6 HiLo 51.8 LEADING INDICATOR #3 bpaero 58.41 bpelec 58.5 bphous 55.8 bphous 51.3 bpotc 56.99 bpmedi 58.3 HiLo 54.6 bpbusi 50 bpbiom 56.3 bptrans 56.5 bpbiom 54.2 bpheal 49.3 bpasia 56 bpasia 56 bpfina 53.9 10week 49.29 LEADING INDICATOR #1 bpeuro 55.2 bpbiom 55.6 bpeuro 53.6 bpfina 49.2 bphous 54.4 bphous 55.3 bpbusi 53.5 bptrans 48.9 bpfina 53.8 bpfina 53.9 bpauto 53.3 bpinsu 48.2 bpheal 51.9 bpauto 53.2 bpaero 53.3 bpbank 47.9 bpchem 51.8 bpheal 52.9 bpasia 52 bpbuil 47.4 bpbusi 51.4 bpchem 52.7 bpheal 51 bpbiom 47.2 bpbank 51.4 bpbank 51.7 bpbank 50.8 bpeuro 46.4 bpauto 50.5 bpbusi 50.9 bpbuil 49.4 bpsavi 44.8 bpgame 46.2 bpbuil 48 bpchem 49.1 bpmach 43.9 bpmach 45.7 bpmach 47.3 bpmach 48.4 bptext 42.6 30week 45.4 bpgame 46.2 bpsavi 44.8 bpgame 42.3 bptext 45 bpsavi 44.2 bptext 44.4 bpchem 42.2 bpbuil 44.6 bptext 43.5 bpgame 44.2 bpaero 41.8 bpleis 43.2 30week 43.28 30week 43.5 bpleis 40.6 bpsavi 43.1 bpleis 43.2 bpleis 40.9 bpstee 39.9 bpoils 42.7 bpmeta 40.8 bpmeta 39.9 bpreal 39.3 bpmeta 42.1 bpreal 39.3 bpreal 39.8 30week 38.04 LEADING INDICATOR #4 bpprec 37.9 bpprec 34.5 bpstee 34.3 bprest 34.4 bpoil 36.5 bpstee 34.3 bprest 34 bpmeta 28.9 bpstee 35.8 bpoils 33.3 bpoils 28.4 bpprec 24.6 bpreal 35.1 bprest 30.9 bpprec 28.1 bpoils 22.5 bprest 29.9 bpoil 28.9 bpoil 22.9 bpwast 21.5 bpwast 23.5 bpwast 23.8 bpwast 22.8 bpoil 18.2