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

To: manfredhasler who wrote (117125)	6/22/2000 3:50:00 AM
From: tejek	Read Replies (1) \| Respond to of 1579259

Your TA analysis is very much appreciated. However it is somehow in contradiction to niceguy's view, as I (try to) understand it. His very clear statement is (I assume based on TA as well) that the closing at $95 does signal a start into the triple digits. Manfred Its not really a contradiction because I too think its possible to get into the 100's from here; however I see two problems that maybe niceguy does not...we made a new closing high today on low volume and we are overbought. Above normal volume would take care of both problems....it would force the stock higher. Without the volume, I don't see the stock having a successful breakout. The overbought situation has not yet been pointed out in this respect. To see this, go to www.clearstation.com and punch in AMD. When you get to the AMD page, go below the stock chart and you will see the stochastic. The stochastic is two straight lines running parallel to each other. The trading range of the stock is defined by the two wavy lines..red and blue..that travel back and forth between the two parallel lines. When the red and blue line are at the top, the stock is overbought and when at the bottom oversold. Currently AMD is in the overbought position. Again with enough volume that can be overcome.....a stock can remain overbought position for quite a while. Volume is the key. ted