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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: CENTrader who wrote (1293)3/18/1997 10:43:00 AM
From: J. P.   of 14162
 
Hi Bill,

RE:
<What is your system that you use to get "your pretty accurate picture of
<how the market's going to do that day?" And how accurate??

My system is by no means scientific or technical!

It's just that I know some of the stocks I own so well, and have
been monitoring them so closely, that I can usually establish a
general trend for the day based on the first hour of trading. And
I can spot the "sucker" days also when new money from overnight
buy orders spike the open and then gets drained away in the first
couple of hours (signalling the end of momentum).

I know lots of people will think this is wrong, but it works for me!
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