***Galapagos Islands***

[JXM]

AMAT went to triple top and the BRL after breaking a triple
bottom. The bounce after breaking the triple bottom is
semi-bullish, but the resistance held well. My expectation
is that they should have further weakness.. Especially with the gap down to 18.00.

http://www.stockcharts.com/webcgi/Pnf.asp?S=amat&N=A&T=on

 
   28.00 / +                                      /              +                        /    / 28.00 
   27.00 / O +                                    /          X   X +                      /    / 27.00 
   26.00 / O X + +                                /          X O X O +                    /    / 26.00 
   25.00 / O X O X + +                            /  +   +   X O X O   +                  /    / 25.00 
   24.00 / O X O 8 O X +                          /  X + 2 + 3 4 X O     +                /    / 24.00 
   23.00 / O   7 X O X O +                       C/  1 O X O X 5 X O       +              /    / 23.00 
   22.00 /     O X O X O   +                     X/O X O X O X O + O         +            /High/ 22.00 
   21.00 /     O X O   O     +               X   X/O X O X O + +   6 X         + +        /    / 21.00 
   20.00 /     O       9       +         X   X O X/O   O X +       O X O X   X   X        /    / 20.00 
   19.50 /             O         +       X O X O X/  + O +         O X O X O X O X        /    / 19.50 
   19.00 /             O           + X   X O X O X/+   +           O   O X O X O X        /Avg / 19.00 
   18.50 /             O             X O B O   O +/                    O   O   O X        /    / 18.50< 
   18.00 /             O         X   X O X     +  /                            7 X        /    / 18.00 
   17.50 /             O         X O X O X   +    /                            O X        /Low / 17.50 
   17.00 /             O         X O X O X +      /                            O          /    / 17.00 
   16.50 /             O     X   X O X O +        /                                       /    / 16.50 
   16.00 /             O     X O X O X +          /                                       /    / 16.00 
   15.50 /             O X   X O X O +            /                                       /    / 15.50 
   15.00 /             O X O X O   +              /                                       /    / 15.00 
   14.50 /             O X O X   +                /                                       /    / 14.50 
   14.00 /             O   O X +                  /                                       /    / 14.00 
   13.50 /                 A +                    /                                       /    / 13.50 
   13.00 /                 +                      /                                       /    / 13.00 
   12.50 /