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

To: Terry Backlund who wrote (11792)	2/3/1998 2:07:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79273

Terry, What?!! Not coming to MB??!! That's Ok. I'll still give you my take on RADAF. I was asked about it in one of those wierd private message thingees: It looks like a pullback to 15 is in order for RADAF. The short-term technicals can go no higher than they are now. The worst I would expect is back to the ACT. That the short-term stuff is so high and has been very high for several days means that any pullback should only be temporary. If you have trading shares as well, this would be a good time to sell them to pick it back up cheaper. The trendline from the lows on 10/28/97 and 12/19/97 was resistance until the last 3 days when it became tentative support on Friday. A break back below that line will lead to the drop to 15 or the ACT. Since the short-term technicals are so topped out and the line it's struggling with is uptrending, I can't see it holding up. That line will probably continue to come into play often so keep an eye on things when the stock is near it. At the beginning of March that line reaches 20 so there's not too long to wait. Also be aware of the ACT as things go from here. I don't think there's anything to worry about for the intermediate-term. Doug R PS; the italics was not in the original message but describes a currently key aspect of the chart IMO.