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

To: Jon Tara who wrote (8641)	1/22/1998 11:42:00 PM
From: CHIP HUNTER	Read Replies (1) \| Respond to of 13925

Jon if I recall you were saying that we would never come down to 18 from 29.00 when I said we would!! I guess this will be another tough lesson in learning TA Jon. Good luck Jon

To: Jon Tara who wrote (8641)	1/23/1998 11:06:00 AM
From: Vanni Resta	Read Replies (2) \| Respond to of 13925

Jon Tara wrote: "Pullback to 16 possible after a rise to 22 should this pattern complete." I'm confused. Does that mean the stock could either go up, or down? Jon Tara also wrote: "there is a liklihood of a pullback or pause after any post-earnings rise." That just about always happens. What exactly were you predicting, anyway? Do you have any concrete conclusions? Happy Investing! Vanni

To: Jon Tara who wrote (8641)	1/23/1998 12:51:00 PM
From: LoneTrader	Respond to of 13925

I totally agree with you! I did agreed with Chip when it was at $29 and $22. I don't see the pull back of this time as bad. It might last two or three days. Very likely will be stopped at $16. If the Techs will give CREAF a break(3-4 weeks of rally), it will break out. CREAF did this in April of 1994. The general market did not hit bottom until late July of that year. Still if the Techs start to sell off big next week CREAF will go to lower teens. But I see Techs are in a basing period. Some of them alreay break out. BAY, Asnd, Idti, Issi, Dimd, Crus. S-rams and Graphics groups showed some strength. Msft and Csco's chart have problems. Chances are 50/50 that the Techs will rally for another 2-5 weeks.