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Re: sgolds post# 20215

Thursday, 12/11/2003 1:06:58 PM

Thursday, December 11, 2003 1:06:58 PM

Post# of 97595
The price is still nearer the lower end of the band on the 3 month chart.

I assume you mean a daily chart showing 3 months of time (are you using a 20 day time period?). The Bollinger there looks bearish. The 20 day MA is inflecting down, and AMD is just creeping back above the lower band.

If you believe in chart patterns, the intraday chart shows a bullish diminishing wedge on diminishing volume after a run up. This is a continuation pattern. It will likely resolve before the day is over. I expect AMD will have a strong close (above $15.30), but this is useless unless you are a intraday trader.

HailMary

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