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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Herm who wrote (4154)8/26/1997 8:00:00 PM
From: Leroy   of 14162
 
Herm;

O.k. it's back to school again for Leroy. So professor, I have heard of the head and shoulder pattern numerous times but have never actually seen one charted. Looking at the trv chart at stock smart I can see what I hope is the fabled pattern on both the moving average and bollinger band charts. Now I have several questions,

1. Are the other indicaters other then the physical presence of this pattern that portend a major downturn, and if so what.

2. Is the presence of the classic head and shoulders pattern always an indication of major downturn.

3. Specifically in the case of trv, is their any indication of how long it will take to bottom. (I am looking at the sept 65 puts, but am a bit nervous as to expiration date. The oct 65 is a bit to expensive for my limited funds.)

Thanks as always for your time, I hope you don't burn out on helping those of us who rely on your wisdom and experience.

.....................................Leroy

PS OFF TOPIC

It's good to see sailor back. I did note however that his post makes it sound like he was forced to suffer through a month or so of sailing around the caribean. <gggg> Ah well , life is tough and then you die. Keep you eye on the southern cross sailor...
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