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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (4653)	8/11/2000 7:46:54 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 275872

John, RE:"The NYSE close was 57, right at the 200-day." I've got AMDs 200 Day Simple moving average at 56.4398...and the NYSE close at 57 3/8 so it appears we closed above it. The stock moved above it about 2:40PM and after a retest at appx 2:50PM, moved above it for the rest of the day. Jim

To: Petz who wrote (4653)	8/11/2000 7:54:25 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 275872

No you certainly didn't watch it. It was decisively below the 200 all day until 3 PM Well here are the times it hit the price target: 12:10 12:15 12:35 13:25 13:35 14:35 and finally closed above it at 14:45 hmmm..... What would AMD's stock price/volume have to do to convince you it no longer had to fill "the gap?" You will have to ask someone much smarter than me. But I would say if the stock were able to close above the resistance I mentioned earlier and hold the gap will probably not get filled. Volume would not enter into that particular scenario since price would show ME. I worry about volume coming off of lows and highs more than intermediate prices. Now that is a book in itself. Monty