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


To: Doug R who wrote (10665)1/17/1998 1:07:00 AM
From: Mike C2  Respond to of 79298
 
Doug, in the wee hours of the am today you said
"RADAF, the MM's have either a huge buy or a huge sell that they are
lining up. I suspect we're in the right place."
are you at liberty to buoy that statement with some data?
in my non-systemic but intuitive world i decided to add this am to my position. i was looking at the exhaustion of the downtrend on increasing volume.
there has been some discussion (mostly pointless IMO) on the Radica thread about recent MM shorting. and the co. did announce a stock buyback last month. today seems to have been an inflection point.
would you care to comment on recent money flow and whether or not short covering was a contributing factor.
wish i had more time to keep up with the furious posting vol. on the attitude threads.
anyway kudos to you for the initial RADAF idea (got filled on 10/28 at 10.125!) and your prediction of this reversal. I'd stop going to work til afternoon if i could do this on a daily basis :)
peace.