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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: scott ma who wrote (734)11/2/1997 12:32:00 AM
From: GeneM   of 12617
 
Scott: a quick check on RADAF disclosed the following to me: 1). the spread is livable; 2). the 3 MA's are defiintely trending upward, and have been for some time; 4). the vol. has been declining; and, the tail (the line below the close) is rather long on the 28th of Oct. [High: 14; Low: 9.75]. That tail indicates that, on that particular day, there was more bearish pressure on the stk. than there was bulllish. I would have to ask you what kind of ceiling you put on the stk.? If it is 25% or more than the current price, I would wait until I saw an uptik on a lot more vol.; if it is less than 25% above the current price, I would sit it out and wait for a retrenchment.

GeneM
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