trout17,
Shad are a game I haven't played much but I do have some experience chasing hickory shad in some of the Susky tribs down in MD. This is wade fishing and trout, or better yet, standard smallmouth bass tackle will suffice. I suppose, ideally, a 6 or 7WT rod with a floating line and leader tapered to 8lb test would work. Small streamers and wet flies in the 1 to 2 inch range with lots of flash will get bit consistently. Shad are hard fighters and the hickorys average about 14" and fight as hard as a smallmouth bass. They're great fun. I think the biggest challenge is timing your trip to ideal water conditions and known runs of fish. Tough to do if you live a long way from the right rivers and have to plan in advance - I'd guess they're tougher to plan for than steelhead. Anyway, good luck with your shad fishing - let us know how you made out.