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To: Cisco who wrote (2458)1/1/2001 1:07:03 PM
From: Venditâ„¢  Respond to of 4692
 
I just drew some long term charts of AMD. As we both know it is sitting on long term support now. A two year chart shows $12.80 as fairly firm horizontal trend support. Looking at a long term trend line it passes beneath Fridays candle at the $10.90 level but is rising each day that passes. I suspect $12.80 is about as low as it could go and would certainly be a bargain at that level with it's low PE.

I look to see a rally by end of day tomorrow and possibly the following day as tax loss sellers rebuy back the stocks that they sold last week.

The green line is the $12.80 area that I mentioned.
angelfire.com

Extreme lower support at $9.93
angelfire.com

Trend line at $10.90 and rising
angelfire.com

I hope the charts I uploaded are viewable.