Advanced Micro Devices Inc (AMD)

[sgolds]

dhellman, that is an impressive-looking chart. Can you explain a bit about what you see in it? (I haven't been going back so far on AMD stock because the underlying fundamentals of this company changed so much since the last runup, and the industry has changed also. However, a pure TA analysis would.)

I'm wondering about the major downward trend lines (which we broke through on this runup). It uses only two peaks to draw the line. I've always thought that three peaks is the minimum to define a trend, four peaks is better.

How do you interpret this chart?