Replies to post #30305 on Advanced Micro Devices Inc (AMD)

[BUGGI1000]

@Sgolds
Yes, the Indicators seems to run very hot shortterm, but that
is always a problem with oscillators. They tend to show very
fast overbought situations which is then quite always correct,
but the stock drops nearly nothing. Thats why trading these
pattern could cause alot of slippage - very difficult.
I wanted to point to a more broader view and thats why I
presentated longterm charts. I understand the boxes in the
direction of a complete movement, that is not bundled into
a given timeframe. So imho it is impossible to say that this
time is or is not right for the next box. I played alot
with Fibu-Time-Zones which could give here an answer, but the
results were very bad.
When is a correction closed? Also that is a very sophisticated
question and normaly only to answer with the facts that come
in the future. ;-) Seems strange - I know, but when all
would be so easy, trading would give every investor alot of
money, but the opposite is right.

From a definition side the trading range from Nov till now
is not a flag-formation, because these have to be in a narrow
timeframe, 2-4 weeks, but imho we could interprate the last
movements for a very big and broad flagformation. I said it
in the last posts - flagformations tend to go further in the
past direction, means that the stock has to go north. The
bullish signal came, as we left that range.
I painted a few examples from the past - keep in mind, flags
work up- AND downwards. I don't have to say that to you, but
I know here is alot of sceptizism related to TA. So this
technique is a progress in everyone's own development and you
have to get a feeling for this. Sometimes it works and some-
times not. Thats life and therefore we have our money-
management. Sometimes I have to laugh, when I read in TA
boards how good their new tradingsystem works - 70, 80 or
90% are winner trades. Thats not so important, you can loose
big money with 80% winner trades and you can "earn" alot of
it with 40% or less winner trades ... I know you catched what
I wanted to say.

But, here is the new pic:


BUGGI