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

To: Dave H who wrote (16828)	5/13/1998 8:30:00 AM
From: Ocote	Read Replies (1) \| Respond to of 79378

Thanks Dave for that update on the sequentials and shorts. This strength is not convincing. It will be an interesting test for the 13 RSI model, and perhaps a good chance to add some confirmatory factors in its interpretation. Charts of the A/D line are quite negative. The A/D line is below the 30 dMA on all three major indexes. Ocote

To: Dave H who wrote (16828)	5/13/1998 9:23:00 AM
From: Dave H	Respond to of 79378

RADAF -- Some observations using some TA based on Thomas Demark... After matching its all time intraday high two days ago, RADAF fell back to 19 but stayed above it. 19 is actually a key level for RADAF, being a "TDST" (Thomas Demark Setup Trend) area of support/resistance on a closing basis. This line was first created in december when RADAF made 19 its all time intraday high before falling back to it's ACT due to its defiant IL violation. Since then 19 has served to be an important point of resistance/support as can be readily seen from the chart. I've seen many examples of TDST levels being quite strong and effective, and I think RADAF is another example of the strength of these lines. The longterm support line for RADAF is slowly creeping up but is still down near 17 1/4, and looks like it won't intersect 19 for another 4-6 weeks. Will RADAF need that longterm support line to launch it higher, or will it be able to stay above 19 on its own? 4/6/98 & 5/8/98 define a more recent trendline that currently is at around 18 5/8. I am looking to a violation of this line for an indication as to whether or not RADAF will revisit the longterm trendline. Meanwhile, the most recent downtrend line that was formed by the highs of 4/22/98 & 4/28/98 was tested on 5/8/98, broken on 5/11/98 and then was violated but remaining above on 5/12/98. While this is a very short-term trendline, it's about all the satisfactory downtrendling lines that can be drawn, other than horizontal resistance forming at the all-time high of 20 5/8. With not much overhead resistance at this point, and lots of support lines coming up from below, RADAF stands poised to move to new highs. Look for strong volume to decide when. -dave