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: Vanni Resta who wrote (7767)	1/7/1998 1:17:00 PM
From: Douglas Webb	Read Replies (1) \| Respond to of 13925

Oh, so you mean either the stock will go up, or it will go down. Now there is a great insight. I can't figure which is more useless. Techncial analysis. Or the people who claim they "use" it. And here's the followup you missed: On the downside, the support levels at $20 and $18 should be fairly strong. If we break $18 we'll probably see $16 again, then $14. Hmm...Support and resistance every $2. I think I've hit all the bases, huh? No matter what, I can't be wrong! I guess the moral is 'look for $2 movements before a reversal!' I'm not at all an expert at TA, and I know it. I also understand that TA is hardly a crystal ball, and can only assign rough probabilities to possible price movements. So, while I don't know which way the price may move, I am fairly certain that it will jump in $2 increments. Since I posted this, we dropped about $2 yesterday to near $18, and today we're dropping again. I think we'll hit $16 before we see $18 or $20 again; I'd be pleasantly suprised if the current drop stalls before it gets near $16. Doug.