AMD Update

AMD just broke about $.03 under a support level on what looks like a small "W" base, as has been the case over the last several years, actually maybe more, "W" bottoms use to have a second bottom that fell short of the first, more recently the case has been that the second bottom is deeper than the first, call it a head fake move, a run for stops, etc, but that has been the most common feature of "W" bottoms and in reverse, double tops.

I'll be patient with AMD for a bit and see how it reacts as we move out of a.m. trade.

Here are a few charts...

 The "W" type bottom price pattern.

 The break just below the support area, volume wasn't very large on the break, I wish it had been larger.

 A closer intraday look.

 AMD 15 min chart, the signals here seem correct for a "W" type base.

 AMD 3 min is not confirming the downside which it should be able to by now.

And the 1 min chart, ultimately this is where I want to watch AMD to see any changes in character, a leading positive move here would be nice, but I would note not even a 1 min chart has confirmed the downside move.