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

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To: Chris who wrote (4859)	1/18/1998 3:38:00 AM
From: Gary105	Read Replies (1) of 42787

Chris, thanks for the compliment. I find your posts very enlightening. Re. Radaf's moves, I attribute it to a seasonal correction, probably exacerbated by short selling - that explains the down move. The upward correction I attribute to the fact that it was terribly oversold. Which brings us to the question of where does it go from here - personally I expect base building in this range: the + being continued excellent fundamentals, the minus being a lot of technical damage thats been done. Once done the damage usually takes time to undo with several false starts and stops. I think an excellent analogy is the THQI chart of late '96 to late '97. Fundamentals were good and it set new highs in late '96 only to seasonally correct into early '97 and then made sequential new highs beginning mid '97 and continuing to end '97 - supported by fundamentals. Gary

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