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

To: Justa Werkenstiff who wrote (30059)	5/10/1999 10:10:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Justa, re >I do not see AMAT in a downtrend since the beginning of this year.< I suppose different people can draw trend lines differently, if they choose. If you connect the uptrend line between the bottoms of about Jan 1st and March 1st, then this line [and the uptrend] has been broken on a daily chart. iqc.com On a weekly chart the trend line goes from the Oct low to the March low. It also has been broken. iqc.com Looks like the uptrend was broken about March 1st. I expect an uptrend to resume, but don't know when and how far it will go. Let's not argue about that. I think the cyclic top in orders is still a ways up, so price has room to move also. I agree some - if not most - excess has been taken out and expect little further weakness. Gottfried