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

To: Y. Samuel Arai who wrote (105242)	4/13/2000 7:02:00 PM
From: Jim McMannis	Respond to of 1572777

Sam, Cirrslvr, I'm afraid that if you use straight line support levels that the next major support would be 3000. Other more dynamic support areas I have to look at later... Jim

To: Y. Samuel Arai who wrote (105242)	4/13/2000 7:37:00 PM
From: tejek	Respond to of 1572777

I agree. However, it ends up being a "self-fulfilling prophecy." If it falls through it, and an "anal-yst" is telling you its gonna fall to another level, then people stop buying, and they start selling until it hits that point. Then, buyers start in, hoping for a successful test of the "support level." Once it does bounce off of this imaginary "support level," buying starts frantically. Its a big mind game. Y First i don't think its only you and I that think that way. Secondly the analysts are coming out with conflicting theories and only serving to confuse people(maybe that's why we are drifting right now). Thirdly, eventually no one will be able to resist the bargains and will go in and buy, and then and only then will we start to rally. ted