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Technology Stocks : Creative Labs (CREAF)

CREAF 0.370

-9.8%

Oct 31 1:10 PM EST

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To: Douglas V. Fant who wrote (9587)	2/12/1998 7:28:00 PM
From: Jon Tara	Read Replies (1) of 13925

Doug, I have been watching something very interesting developing in most tech stocks over the past few days. It's a total TA mind-f***. Many stocks are at oversold levels on the fast stochastic, which at the same time looking like they are about to cross-over to the downside on the MACD. This has caused me to hesitate, as I'm sure many other investors have. The MACD just "kisses" the signal line, then WHAM - an explosion to the upside. You have really got to wait for a MACD signal in this environment, and I'm not sure that I would trust one even then. You can NOT anticipate, which you could get away with over the past few months until recently. I still think that we are in a period of uncertainty and it's best to sit things out. I'm not quite sure what to make of the market continuing to move up in the face of imminent action on Iraq, which will almost cetainly cause a short-term negative reaction in the market. Maybe the market knows something that Military Intelligence (the ultimate misnomer...) doesn't. ;)

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