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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (92944)2/14/2000 1:20:00 AM
From: tejek  Read Replies (2) of 1575637
 
To me the chart pattern of AMD looks like we are in the beginning of a 5th wave up of a larger 1 impulse wave starting in June 1999. Even if this wave doesn't extend it looks like at least the 50s...then a pull back and then much higher... I will do the exact math later.

Jim, don't make fun of something which you appear not to understand. TA is not based on the sun, the moon or the stars. Its based on the patterns that a stock forms on its chart because of the number of transactions that occur on any given day and the place in the current quarter where these transactions occur.

In other words its based on numbers; numbers that usually form very logical conclusions that can help guide an investor as to a good point of entry into and exit from the stock. However it is not fool proof because, unfortunately, humans who do the trading are not always logical and because there are influences on the markets that may or may not have anything to do with the trading.

ted
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