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Technology Stocks : AMD ATI INTC NVDA Moderated

AMD 256.12

+0.5%

Oct 31 9:30 AM EDT

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To: xun who wrote (64)	1/21/2011 5:40:40 PM
From: xun	Read Replies (1) of 95

AMD was pinned at 7.5 max pain today. But this is also an ominous level. AMD broke several support levels since Dirk Meyer was fired. I think AMD will be in the dog house before the Q1'11 is clear. The general market is long and tired. Slightly short here. My indicators point to 1225 and then resume the uptrend. And it may take 4~8 weeks sliding down if it happens. AAPL is tired. All the goodies are baked in. iPad is still the lone winner in the pad land, as pointed out here months ago. In this context, the ARMH land also appears to be tired. NVDA is touting Tegra III. Well, again, it will be 12 months too soon. INTC does not get the respect its crazy margins deserve. But this coming correction will be a good time to accumulate INTC again. In summary, SPY is tired. QQQQ is tired. SMH is tired. Everybody is tired except Benny. In this spirit, slightly long VXX.

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