Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

+11.2%

Dec 8 12:12 PM EST

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To: Jon Tara who wrote (9056)	1/27/1998 10:44:00 AM
From: Nazbuster	Read Replies (2) of 13925

Jon and Chip, Here's a link to a chart of ABTX: chart.yahoo.com Since I'm still learning TA, can you let me know what looked so strong for a short, particularly on Friday. Here's what I see already: 1. Strong uptrend stalled. 2. After 1st pullback, next uptick failed new high. (ding) 3. Resumed uptrend again failed to make new high. (ding) 4. 2nd/3rd high points made on less and less volume. (ding, ding!) 5. Latest high on very low volume. (Ding, ding, ding!) 6. Stochastics in good territory; inconclusive 7. RSI in good territory, somewhat weakening; inconclusive 8. Dropping momentum confirms volume drop. (ding) 9. Volume in 400K range; small but ok for my trades. All of this certainly makes me conclude this puppy has lost steam. Is it so clear to you that you expect a strong downward move?

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