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

To: CHIP HUNTER who wrote (8636)	1/22/1998 11:01:00 PM
From: Jon Tara	Read Replies (3) \| Respond to of 13925

Current CREAF TA summary: Stochastic overbought, just crossed 70 today. No sell signal, however. MACD - recent crossover, positive. 200ma near 20 1/2 50 ma near 22 appears likely to hit either or both of these short-term Pattern resistance in the 19-20 area, which should provide strong support if CREAF surmounts this price. Possible double-bottom 12/15 and 1/12. Likely little resistance between 22 and 26, should it trade above 22. Next serious support level on the downside at 15. Potential head-and-shoulders or "W" bottom forming. Pullback to 16 possible after a rise to 22 should this pattern complete. Three-line break needs a close above 21 to reverse to a positive trend. Price is on the upper edge of a downward Raff Regression channel formed from the all-time peak in early November to the 1/12 low. A move up is a trend reversal, a move down is a confirmation of the down trend. No smoking guns. The stochastic and resistance are not terribly troubling, given the rest of the technical picture. However, because we are going into earnings overbought, there is a liklihood of a pullback or pause after any post-earnings rise.