Abet Chichi2

[xe2dy]

AMAT

I think I've died and gone to heaven! Looking at AMAT, on the 'hard right edge' we see the ADX line below both directionals. This type of occurrence happened in mid April '02. There was a subsequent rally and then 60 degree decline forming a double top. This sequence of events may be happening now. There are very simular conditions in the OBV and A/D trend following indicators. Interesting to note the 'inverse' relationship between the stock price and the black ADX line during the early April to mid-June '02 time frame. The stock price forms a 'M' while the ADX forms a 'W'. During the completion of the 'W' the black ADX line moves upabove the green line while still below the red line. Elder teaches that this is the best time to take a short position. By the looks of the subsequent decline in price, one would aggree. So now we wait for AMAT to make a second top.