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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Dec 26 9:30 AM EST
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To: Douglas Webb who wrote (6214)12/2/1997 12:19:00 PM
From: Jon Tara  Read Replies (1) of 13925
 
Er, let's stop trying to fit a moving average to what we'd like to see.

I was a bit suspcious of that 100-day moving average bounce. Heck, who uses 100-day moving averages? Yes, it's nice that CREAF bounced off of it twice before.

So much for the 100-day ma. The 200-day ma (which lots of people DO use) is down at 19. On the other hand, CREAF has not tested the 200ma since December, 1996. On the other other hand, maybe that's what it needs.
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