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

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To: Tony D. who wrote (6457)	1/15/1998 2:58:00 PM
From: Douglas Webb	Read Replies (1) of 14162

I still do not see why the low band rises from 32.50 to 32.563. It's because the low of the previous two bars at that point is 32.563. The low of the third previous bar is 32.50, but since you're looking at a high-sensitivity, two-line break chart, only the previous two bars are examined. Doug.

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