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

To: Redhead who wrote (10644)	1/15/1998 9:47:00 PM
From: Dave H	Read Replies (2) \| Respond to of 79308

Redhead, The most probable thing right now is for RADAF to go up; I would dare say I predict an intraday high of 15 3/4 during the ensuing uptrend before getting stopped for a breather. I say this because: 1) RADAF has, for the last two days, been about two ticks above the trendline that it has followed and never violated that started back in late april/early may. The line was at 12 13/16 today; it moves up tomorrow. 2) Regarding the sequential: the pattern of 9 days, each close below the close 4 days prior, is a pattern that Tom Demark discovered and it almost always leads to a short term (even if just one day) "pop" in the other direction; it is called the "setup" and is the first part of the sequential that will eventually lead to a low risk buy signal. The buy signal hasn't happened yet for RADAF, but it could happen soon. At any rate, having the 9 day setup finishing today is another factor that could provide a change of direction. However, if RADAF gaps down tomorrow, look out; it'll probably fall hard and fast. This is why, I believe, Doug will be waking up early tomorrow. ;) So, in sum, I think the most probable action for RADAF is UP right now. That's where I see the evidence pointing. But as you know...you never know!! -dave