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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (8962)	12/7/1997 11:16:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79308

Steve, I'm just going by what I have seen many times when a stock goes up and starts playing with the IL. I will refer you to the time that RECY hauled off and went through the IL. At the time I said that the IL is not concerned with who likes the stock or why. Sometimes a stock will make more than one run at the IL but the reaction does get hairy. I use the IL as a trading tool. It's a technical thing that allows one to sell high and buy back in lower if nothing is fundamentally changed for the worse in the company. My target of 20 for RADAF is for the intermediate-term which is sometime within 9 months of the report. Doug R