Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Mani1 who wrote (146964)	5/7/2002 10:10:19 AM
From: tejek	Read Replies (1) of 1576965

Re <<If it breaks support tomorrow, it goes to $23.>> Why? If technical indicators where worth much, you could program the computer to trade for you and go to the beach. Market moves up and down on sell and buy orders which is based on sentiment. Technical analysis is a flawed way of trying to predict the sentiment which is short sighted. If TA really worked, you would be filthy rich. Maybe you are but it probably has little to do with your portfolio returns due to TA. Mani, Technical indicators are worth something only because enough people pay attention to them in the markets. In the meantime, EMLX broke the $27 level, sliced thru $26 and $25 like a hot knife thru butter and now is at $24. How much you want to bet it hits $23+ before it stops? ted

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