Replies to post #20297 on Advanced Micro Devices Inc (AMD)

[dhellman]

I pretend no empirical knowledge of TA. Iread Gary Smith and like to draw pretty lines. Occaisionally they look like they mean something. The big downtrend lines follow both session and closing highs. And if you do a zoom in view of the chart at "prophet" you will see it touches two points in June 2000.

The nice thing about prophet charts is that the lines you set stay in place as you come back to view them. I hadn't seen this one for a while and when I looked a couple days ago the convergence seemed more than a remarkable coincidence.

d

[dougSF30]

sgolds, 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.

Don't look too closely at these details, or you won't be happy with what you find.

Doug