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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: R. Ramesh who wrote (18272)6/9/1998 2:12:00 AM
From: Doug R  Read Replies (2) of 79269
 
Ramesh,

As you know, I picked RADAF at 12 1/2 last Oct. I know I was late in choosing it as an attitude stock but... attitude stocks are not supposed to be spike and unload stocks. It's true that each attitude stock will have its own individual "traits". Within that framework, RADAF has not shown any sign of intermediate or long term disappointment. Each investor or trader in RADAF should have, by now, been able to define their own strategic course. I posted a target of 18 when it was 12 1/2. When it hit 19, I posted a pullback to 12 7/8. When it hit 12 7/8 I posted a critical price of 15 3/4 after it returned to 18+. Once it recovered from there, I then had a target of 27. Few people have followed my TA for RADAF but that's neither here nor there. I suppose I'll be wrong about it one of these days but until then...27 is the 3 month target that I gave it when I said something to the effect that, when it breaks significantly above 20, look for 27.

Doug R
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