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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Amigo Mike who wrote (9007)12/8/1997 5:31:00 PM
From: Kim  Read Replies (1) of 79313
 
DOUG: I am a little confused(well, maybe a lot) about the impossible
line. Re: RADAF if it nears it I would think it is good because its steadily going up. When it passes it, the problem is its coming back down. Is there a way to determine approximately, or statistically when the liklihood of this drop occurs. Does it generally indicate a quick drop and bounce back or some basing at a lower point. I watched RECY do its thing (I still hold it) and when it declined the stock generally bounced right back. Is that the same type of reaction you are anticipating with RADAF> One last thing, with earnings due out on 17th, wouldnt you expect an increase based on anticipation, etc., and perhaps this ta decline upon the announcement.

I would appreciate it if it is not too much trouble to elaborate on this a bit.

TIA
Kim
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