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

To: Bill Jackson who wrote (121850)	8/6/2000 3:37:39 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 1573927

Bill, RE:"Ted, It should be clear by now that TA is nothing more or less than a religious belief. The church of TA was built by it's proponents and it has it's high priests, gurus etc galore." Bill, sounds like you taking a snipe at Monty or confusing the church of TA with the church of Intel. <G> TA has worked for me for many years. Sure there are Charlatans that use TA like voodoo...just as there are Charlatans that hide behind "inside information", fundamental predictions, Astrology and whatever... And no, I don't think AMD will necessarily fill the gap near 40. What is more important is the time factor...in a long protracted bear market who knows how low AMD could go. Right now the line in the sand is at approx 56-57. 50% retracement. We already hit 58 and change. Another big sell off and who knows whether they will throw AMD out with the resr. At any rate, it looks like chop for 2-3 more months or until AG hikes and we get the last hike in this cycle... Postponing it just makes things worse. Jim

To: Bill Jackson who wrote (121850)	8/6/2000 5:02:09 PM
From: Monty Lenard	Respond to of 1573927

Trade in .00001's and more gaps will appear. You believe what you want Bill. It is the SIZE of the gap not just a gap. When you jumped my case a while back you did not think AMD would be at the price it is today either. "I am sorry you believe in TA, they will get all your money in time." That is a ridiculous remark. If I do not write my name when I post to you it means I feel you are a foolish ass.

To: Bill Jackson who wrote (121850)	8/6/2000 8:13:17 PM
From: tejek	Read Replies (1) \| Respond to of 1573927

Ted, It should be clear by now that TA is nothing more or less than a religious belief. The church of TA was built by it's proponents and it has it's high priests, gurus etc galore. Bill, I disagree that TA is bull. Like Jim, TA is one more tool I use when I am investing. Unfortunately there are too many people who abuse TA by making claims in the name of TA that either can not be proven rationally/logically, or do not pan out. Stuff like that makes it easy for people who have limited knowledge of TA to think its a sham. Basically TA helps me enter a stock at a good point and lets me know when a stock is in trouble. That's my two major uses of TA. In the case of AMD I knew the stock was in trouble when it did not make new highs on strong volume in May. I indicated that in a post early on. I also knew there was trouble when the stock broke its upward trend line. These warning signals were confirmed when IBD reported that AMD's accum/distribution was down to a D rating from a B. Now moving forward to last Thurs. and Friday, TA lets me know that AMD is trying to lay in a bottom here in the low 60's. What gives me hope that this may be a bottom is that volume was strong on both days, particularly Friday. If the volume is strong again on an up day Monday, it looks to me like AMD has turned a corner and can start the basing work needed to move back up. It will be the first positive, solid sign I have seen since May. Now if I wanted to buy more AMD stock, an up day on above average volume on Monday would be a buy signal. TA may be based on the herd mentality or human emotionalism.....it doesn't matter to me what its basis is....what is important to me is that TA lets me know that certain basic moves in the stock usually lead to other moves on a fairly consistent basis. That alone proves TA's value to me. ted