The 56 Point TA; Charts With an Attitude Message Board

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

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To: Doug R who wrote (10631)	1/15/1998 9:17:00 PM
From: Dave H	Read Replies (1) of 79304

Doug, Ok, the RADAF picture thickens. As we have been talking about the TD Sequential lately, take a look at RADAF in that light. Setup #1: start 12/12/97 intersection: 12/24/97 true high/true low range: 4.25 (19 -> 14.75) countdown day 9 was today. setup #2: start: 1/5/97 today was day 9 of this setup, but no intersection as of yet. true high/true low range so far: 15.69 - 12.88 = 2.81 So far setup #2 can be ignored, I say so far because intersection hasn't yet occurred. But today was day NINE. (LOTS of 9s floating around here!) Tomorrow is the day. A break down points to the second setup being the valid one and a recycle will take place. A move up doesn't necessarily stop the recycle, but since it is day 9 of the second setup, we should expect a bounce. Quite amazing how the sequential & the IL/ACT are working together here, don't you think? An opening gap is very probable, I think... -dave

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