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

To: taxikid who wrote (6189)	12/1/1997 11:41:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 13925

just downloaded a chart of creaf with some moving averages in it. if you look closely, we bounced very decisively off the 100 day average which is quite bullish and every time it has touched it, the stock price moved back up quite sharply, made a new high and then repeated the same process. it is quite funny that many stocks behave in the same way. the trend of up is still intact and we needed to test the average. i have been using tech anaysis now for about 6 months and it has proved quite accurate. just my reading of the chart here and my opinion. like yourself, i am strongly considering buying more tomorrow.... that is if the opportunity is still present. creaf has a tendency to gap upwards a lot and doesn't give anyone the chance to jump in on weakness unless you are in the right place at the right time. good luck