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Politics : Formerly About Applied Materials
AMAT 206.23+1.1%10:20 AM EDT
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From: runes2/22/2002 2:40:36 PM
   of 70976
 
OK - now we have NAS 1700 and only one week left in February.

...which also means that we have fallen back to the level that the market was at the day before 9-11. The difference is that then the economy was getting worse, now it is getting better.

....There should be good resistance at 1700 and that will (hopefully) stabilize the market. Lot of economic numbers next week but most likely these will reflect slow but steady improvement.

...The big event for semi equips will be NVLS mid quarter earnings report on the 28th (Thursday). I expect that they will reiterate that the quarter is on track, that orders have picked up enough to offset dropping deferred revenue from SAB101, and that they are still looking for the recovery to pick up by the end of the year.

...Nibble time has begun...
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