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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Vanni Resta who wrote (4546)	10/22/1997 12:28:00 AM
From: Andrew Hunter	Read Replies (1) \| Respond to of 13925

I don't use flags or triangles or anything very fancy at all. My definition of 'reversal' is very subjective. All I know is that I'm happy with my returns from going with what I consider a reversal. Expert T.A. is a little too much for me, sorry. Rising on light volume would certainly seem indicative of an up trend to me, but rising on heavy volume is much nicer in my opinion. I use 50 and 200 day moving averages, I watch for stocks to bounce off where they seem to have support, etc. Generally I consider it a reversal if a stock opens down and closes up above the closing price of the previous day. Also if a stock has a strong up day after a string of down days, such as CREAF will have tomorrow. Also if a stock is flat for a few days after a strong move either up or down, I'll watch it carefully and the first substantial up or down move to occur will indicate for me which way it will be headed over the next few days. I only hold stocks for a few days, generally.