Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.470

+4.9%

Jan 12 9:43 AM EST

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To: BZOOKA who wrote (6015)	11/24/1997 3:00:00 AM
From: Jon Tara	Read Replies (1) of 13925

Bzooka, I'm not exactly sure what your message on MACD is supposed to be saying. But according to my chart (Metastock) CREAF gave a MACD sell signal on Friday. However, it's not terribly clear, as the slope is fairly flat. MACD is a notoriously fickle indicator, and can make rapid false signals back and forth across the signal line. It's more accurate when the slope is fairly vertical, which it isn't here. There is also a MACD divergence, which is troubling. The last two price peaks have had sucessively lower MACD peaks. However, this is visible in all of the market averages as well, so it's probably not indicative of CREAF in particular. As I said Friday, if you are buying at the point, the safest thing is to buy the breakout, rather than anticipate it. Either that or buy the dips.

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