Advanced Micro Devices Inc (AMD)

[sgolds]

yourbankruptcy, your welcome! I will follow up this weekend and take a look at more indicators. To do this stuff justice, one really should look at several indicators and try to reach a consensus, and I presented only one indicator. It is rare that all TA indicators agree, usually you have to consider a bigger picture. This is a useful exercise for me - I am going to reread the book, which I haven't done since starting option trading. Good luck!

Take a look at my followup post on the psychological reasons for support and resistance that will be up in a few minutes. I think you will find it interesting.