Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Doug Moulton who wrote (5810)	11/17/1997 8:00:00 PM
From: Dennis G.	Respond to of 13925

Thanks. Guess I'd better watch carefully. Dennis

To: Doug Moulton who wrote (5810)	11/17/1997 10:31:00 PM
From: Jon Tara	Respond to of 13925

Yes, I see the diverging MACD. However, I think that this is more indicative with a correlation with the markets than anything else - look at any of the market averages, and you will see the MACD divergence. I think we have already seen the culmination of that divergence! (Either that, or we have a "real" crash yet to come...) This week will be "interesting", but I wouldn't be surprised to see the Dow at 8000 by the end of the week. Much shorter term, I use a system of a MACD of the smoothed RSI, on both daily and hourly bars, which has proven quite accurate. I'm afraid that I have to report that the hourly version has crossed-over to the negative, though it's already moving back up. The daily bar version dipped below the signal line 2-3 days ago, but has shown a positive bias since then, and appears likely to cross back over to the positive side. Anyway, I certainly can't say that this is pointing to anything too exciting to the upside over the next couple of days. I do think that any upward movement we get right here will have to be news-related, and so please don't panic if you see a bit of a pullback. The 28 area is important, as it was the top of that expanding triangle. Once get get clear of that troublesome pattern, you will see some real upside movement. CREAF is NOT over-bought on the stochastic. Certainly isn't over-sold either. Appears to be about to make a positive crossover near (below) the over-bought signal line. Last time this happened was on 10/31, and look at the chart since...