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

To: Jim McMannis who wrote (4669)	8/11/2000 9:04:52 PM
From: Monty Lenard	Respond to of 275872

Jim, I don't know if you fool with the candles or not but Nisson speaks of the Japanese formation called the 3 Mountain Top (one of the Three Buddha Patterns) defined as follows: IN JAPANESE TERMS, THE THREE BUDDHA TOP IS A THREE MOUNTAIN TOP IN WHICH THE CENTRAL MOUNTAIN IS THE TALLEST. A LONGER-TERM TOPPING PATTERN IN WHICH PRICES STALL AT, OR NEAR, THE SAME HIGHS. IT IS ALSO SOMETIMES VIEWED AS THREE WAVES UP. Look at AMD's chart and the Central Mountain. I guess this one could be called a 4 Mountain Top but anyway that is a CLASSIC 3 Mountain Top. :-) They have a reverse pattern for bottoms called the 3 River Bottom. I point this out for the LONG TERM investors for future reference. Monty