Replies to post #19598 on Advanced Micro Devices Inc (AMD)

[dougSF30]

Recall that the bullish resistance points during retracement are 33%, 50% and 67%

This is nothing more than numerology.

Doug

[Mysef]

sgolds,
re:chart

Looking at the chart and historical prices, I would think today is very similar to November 20th and should be watched closely the next few trading sessions. Though today's dip recovered with about a 5million share bounce.

November 20th for 16.50 and 21million shares on a dip.
http://finance.yahoo.com/q/hp?s=AMD&a=09&b=21&c=2003&d=11&e=5&f=2003&g=d

What do you think?

Mysef
(amateur T/A fan)

[yourbankruptcy]

sgolds, thank you very much, I hope your calculations will make me few hundred dollars :-)
The sept retracement is so presise that I think a lot of traders trade AMD on TA.

I think Jan report will be above consensus again, so I will bet my money at 33% retracement. Maybe I'll go long with calls and on the move up write some short calls.

See you at $15.84 :)