Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (136843)	5/10/2001 8:50:24 PM
From: tejek	Read Replies (1) of 1580271

Looking at its daily chart it today's close is above the double top from Jan and March. March's top was a bit higher then Januarys. If it fails to follow through you might be looking at a triple top and then probably a pull back. Just my half assed attempt at TA. It would seem to me that tomorrow's action would be technically important for TRW. If it goes up again tomorrow on volume it would appear to have broken past the previous resistance. You know I almost sound like I know what I am talking about... Tim, actually its in a uptrend...its forming the right side of a cup. Assuming TRW continues to execute and the economy does not get worse than it is right now, it should move up to $58 in about 2-3 mos [it took around six months to form the left side of the cup and its been working on the rt side for about 4 mos already]. Once it hits $58, it will probably go sideways for few weeks, maybe several months even. And then, if the gods are good, it will break out and ramp up 15-20 pts. And you will be rich!! ted

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