Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Proud_Infidel who wrote (27316)	12/21/1998 2:51:00 AM
From: Paul V.	Respond to of 70976

Brian, Just completed my IBD chart updating. Since 12/23 the IBD relative strength for AMAT has past 90 and has been holding in the 93-96 range indicating very strong strength. Added to this the A ranking of Industrial Group Rating and Accumulation rank, plus the B ranking of Sales+Profit Margins+ROE and Sponsorship Ranking AMAT has very strong status. Since the last of May its Sector: Semiconductor-Equipment Markers has moved from a rank of 197 (lowest) to its current ranking of 7/8. Only a few sectors have been stronger. In comparison, it appears to be following the same track as in 1996/97 with the exception that the Mutual funds appears to have held up the stock this year. If it continues to follow the 1996/97 track we can expect the RS to hold up through May. In 1996/97 AMAT's relative strenght broke 90 thr middle of January. Therefore, we are ahead approximately two months this year since we broke the 90 RS rank approximately November 23. Does this mean that we will also peak in price early only the future indicators will tell, especially the Orders, Shipment and BTB #'s. Naturally, we will all be watching very close since we are going into the Y2K problem year. Just my two cents. Paul V>