How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Robert Graham who wrote (1451)	3/21/1997 9:06:00 PM
From: Jerry Olson	of 14162

Robert: Hi and how are you? It really would be very good for the DOW to drop at least 7% from the high of 7180 or so. 500 points south would get us to around 6600. I think that would be the spring board to much higher number on the DOW in the summer. NAZ already corrected 10% a solid number. When Alan G. raises rates 25 basis points the reaction should be 150-200 down and then buy into the downside for a nice upside rally. THis would actuallly clean out a lot of the negative vibes everyone has. We could move higher after earnings are reported. They should be O.K. Jerry

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