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Just a Coupla Charts

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I wanted to share a couple of charts that have little to do with one another on this records-highs-are-everywhere day.

First up is Advanced Micro Devices. For many months, it looked like it was forming a reversal pattern, as it had done five prior times in its history. Instead, it broke above this pattern (green tint), tested it successfully a couple of times, and then – zoom – – a runaway stock. A moment of silence, please, for anyone who had shorted this. The Greater Fool Theory is in top gear now.

amdrunaway (more…)