AMD Follow Up

I wanted to give you warning so you could decide what you might want to do with AMD, I'm not sure how it will finish out the day, but I saw it up over 16% and probably a bit more than that.

I intend on keeping AMD open for now.

Here's a look back from several days ago so you can see what AMD looked like before it just popped. once it pops the scaling on the divergences gets a little screwy, so here's what we saw in AMD and are seeing in many places.

There were some tell-tale signs in AMD you should be aware of...

I often say, "Quiet markets are dangerous markets" or "A Quiet market is like a quiet kid, there's usually something brewing". The worst part is they catch people off guard.

 AMD's daily range is very flat, this is where we almost always see some divergence, I don't think it's coincidence, I thin it's the market maker/specialist working the order. When I see these, I pay attention.

 The head fake move in AMD, it doesn't look like much, but on a percentage basis it counted.

 Before I even looked at a 3C chart, when I saw this 1 cent range, I knew there would be a large positive divergence in the fast timeframes just before the breakout, I believe it's market makers/specialist stocking up for the move they know is coming as they just filled the institutional order.

 I'd like to see a close above the range, hopefully with heavy volume or a follow through day tomorrow.

 As expected, the positive divergence in such a flat range, these are the footsteps of smart money.

The 10 min chart during the larger range.

Good luck to the longs, I hope you did well or do well.