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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 237.57-2.6%3:59 PM EST

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To: Eric K. who wrote (4369)8/10/2000 6:07:42 PM
From: Jim McMannisRead Replies (1) of 275872
 
RE:"That being said, a person who applies qualitative techniques and pattern recognition to charts could perhaps have some success."

The simple fact that AMD could give up half of it's entire runup from 16 to 97 with seemingly great fundamentals going forward should suggest that there is certainly something more at work here than simple "fundamentals". Fundamentals alone are obviously NOT telling the whole story. This is where TA comes in...no, not perfect but at least a look at the psycological side of the markets...
So one can either cry about AMD going down on great fundamentals or try and gauge it using TA...
The mix between the two seems the best path. Unfortunately, TA works best when you already know the longer term trend.
By the time one realizes the trend has changed it can really hurt.

Jim
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