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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (80649)	11/22/1999 8:20:00 AM
From: niceguy767	Respond to of 1578479

Hi tejek: The 3 year triangle is the most obvious pattern on the 5 year chart. Rarely will you see such a formation over such a protracted period. As is readily evident, a breakout from this triangular pattern is imminent as we are approachig "the nose" of the triangle. With the fundamentals (Athlon and flash potentials) stronger than at any time in the history, I am anticipating a significant breakout in the near term. (perhaps even this week!). That is a very interesting short term pattern that you point out and it certainly does reinforce, imho, that a breakout this week is a possibility. I must stress that, for me, the 5 year chart is a classic with its major hurdles at $28, $48 and $63. Rarely have I seen chart hurdles match up with fundamentals as well as they do in the case of AMD. (I hope you have printed out a copy of the 5 year chart as it may be the clearest roadmap currently available)). I'm with you, tejek, on expecting a very powerful upward surge in price in the near term, as once through $28, there just don't appear to be many resistance clusters before $48, AMD's all time high. (Given that AMD's product lines are currently stronger than at any time in its history, it would seem reasonable that AMD's all time high should be tested in the not too distant future).