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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (6311)	3/11/2005 8:21:15 PM
From: Walkingshadow	Respond to of 8752

No, I am short just AMD, which is of course a semi. 139.142.147.218 139.142.147.218 stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iLg!Lp14,3,3]&pref=G T

To: Vendit™ who wrote (6311)	3/12/2005 3:14:36 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Note that AMD should provide numerous short entries as it self-destructs over the coming months, especially if it takes out lower support at the bottom of the huge gap down, just under $15. It has now shown that the 50 sma is powerful enough resistance to turn away relief rallies. stockcharts.com[w,a]daclyyay[dc][pb50!b200!f][vc60][iLg!Lp14,3,3]&pref=G That resistance constitutes potential short entries from here on, with rather low risk. Now that AMD has defined at least some resistance, this is an ideal time to consider shorting AMD. Several months from now, the situation will probably be more uncertain (and hence more risky), since AMD will be significantly closer to a final bottom, and it is impossible to say exactly where that will be. The bottom could be years away, or only 9 months or so away. AMD could even trade sideways and never move lower than the bottom of the gap, but that is very unlikely, IMHO, partly because it would require AMD to rally through the descending 50 sma, which is about a week or so away from forming a bear cross. I think we will next see AMD push down on the lower BB rail as it takes out recent chart support, where it closed today: 139.142.147.218 Once AMD finishes pushing down on the lower BB rail, I anticipate it will rally back up to the upper rail, which will start bending down and will probably be close to the descending 50 sma. If so, that decreases risk on a short position further since it provides another source of resistance. That's the other potential short entry IMHO: the upper BB rail. More risky is to short AMD at the middle of the BBs (i.e., the 20 sma). T