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

To: Brian Lempel who wrote (6639)	12/6/1997 4:06:00 PM
From: Jon Tara	Respond to of 13925

Brian, two things immediately stand out on the BA chart: 1. The stochastic oscillator has fallen from a peak, and is about 75% toward oversold. It is almost certain that it will continue to plunge into oversold territory, where it will probably spend some number of days. It's not likely to reverse in the current territory. 2. The MACD is at a high value and has run out of steam. It is likely to fall and cross-over here, given that the stochastic suggests several more days of weakness. Although BA has broken a short-term downtrend to the upside, it's not a very long trend line, so not sure how much validity the line has. I wouldn't short it, but this does not appear to be a good entry point.