The Black Box

[wahz]

IF we do correct further from the high put in recently, I am going to have quite a bit more respect for the 1620 area on the way down. Just mentioning it here since I have noted 1557 and 1597, but it could well be that we don't even break 1620. I might well start the loading up process there.

Boy, amat surprises me. It is such a gorilla that it not only sustained a huge premium during the crash, but it has decided to rally quite hard, really. I can't see buying it unless it corrects much of this move, but it continues to act as well as almost anything in the bigger picture here.

It does make some sense. It's very unclear what chip companies will win this next era, but amat will win no matter what