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


To: larry watson who wrote (12394)2/18/1998 1:13:00 AM
From: freelyhovering  Read Replies (1) | Respond to of 79274
 
Larry--I am a long term fan of RADAF. I did the original TA for it when it was a POW, so I have no reason to knock the stock. I don't like the looks of the technicals right now. They are turning up some, but look truly awful. I could be wrong, but I see this stock needing much technical work before it goes to new highs. It may be in the process of doing so now, but I am leary. I hope I am wrong. I would like to hear from Al, Dave H., Jim S. and other TC2000 watchers about this stock. Doug commented recently and I wonder if his assessment has changed. HELLLLLOOOOO!!!!! Myron

P..S. The only TC2000 indicator showing strength right now is MoneyStream. There are some who say that it is the best indicator of a stock moving. This could be a good test.



To: larry watson who wrote (12394)2/18/1998 7:43:00 AM
From: Hank  Respond to of 79274
 
Larry,

That's approximately what I'm expecting for RADAF too. I won't know for sure whether this is conservative until we are almost there. With RADAF there's always the possibility for a wild card showing up like analyst coverage and that could change the whole ball game. I also think the overall market is something to take into consideration where longs in general are concerned. Specifically, I am not sure how an attack on Iraq may affect the market. The concensus is that it will boost the market initially but then cause it to abruptly reverese. I tend to agree with this and I think the time is near. As of right now, my game plan is to cut back on all long positions beginning the first week in March, including RADAF, and hedge more to the short side.

Hank