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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Steve Smith who wrote (4244)12/18/1997 11:21:00 PM
From: freelyhovering  Read Replies (1) of 42787
 
Steve, Chris, Mark, and others--I appreciate your comments on RADAF. It is having a mini crises and it will be a test of its character to see how it responds.(A little anthropomorphism here). Looking at the TC2000 indicators gives a mixed but fairly bad picture short term. The 5 day TSV gave the lowest reading today for the whole year, even lower then the crash day in Oct. MoneyStream, however, is still quite strong and BOP had only one negative day in 7+ months=today. Of course one swallow doesn't make a summer, as the saying goes, but with the Asian Markets acting up again tonight the bird is not too pretty. Intermediate and long term still look wonderful for RADAF. The 30 day channel seems to be flattening out and we may see a wide horizontal pattern for a couple of months like RADAF had this last March and April. The trading range could be from 12-19. So traders like you guys (and sometimes me) can make some money. Steve, I see 12 +/- a bit as the consolidation place and I can't decide whether to put in a stop loss at 14 1/2 or just average down at this point. BTW, the 5 day ema crossed below the 13 day today but both are fairly comfortably above the 40 day, so the general bullish trend is in tact IMHO. I hope my numbers and reflections added to the picture. I would be interested in your comments on my speculations. Myron
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