Point & Figure - Beginners (Real Green) Message Board

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Strategies & Market Trends : Point & Figure - Beginners (Real Green)

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To: IA who wrote (200)	1/16/1999 6:08:00 AM
From: Bwe	Read Replies (2) of 322

AMD had a High Pole Top (HPT) in a Red Zone (a major area of previous resistance or a top) in December. This might be the clue you're looking for that might have been the tip off that all things were not so well with AMD's p&f chart. The HPT was suggesting that a move below a previous bottom ($25) was a good possibility. With a brand new RS buy signal having just occurred, I would've viewed the HPT as having the potential to cause a correction, and not as a final top for the stock. See the following discussion of High Poles and their implications: exchange2000.com Hind sight is 20/20, however, since you were searching for a possible explanation for AMD's price drop, I offer the above for your consideration. Take care, Bruce

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