Stock Attack -- A Complete Analysis Message Board

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

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To: R. Ramesh who wrote (9796)	6/8/1998 2:46:00 PM
From: Magnatizer	Read Replies (3) of 42787

Ramesh RADAF was overbought starting Thursday. CCI 13 value of 263.46 on Friday close was too high. it needs to correct below 200 and reverse up for RADAF to start its run at the 26.50 magnet which I have. Of note, magnets at 14.75, 16.50, 26.50, 30.00. The middle area (equal pull) in between the 16.50 and the 26.50 magnet has a value of 21.50. Since the stock was overbought when it reached that area the lower magnet had the advantage. The next time RADAF meets the 21.50 area I bet it will not be overbought and therefor will get through it and charge its way toward 26.50. Long term indicators are strong, short term mixed and RADAF is still a weekly buy/hold in my book. ht david

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