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: bill mccarthy who wrote (8420)	8/30/1998 1:50:00 AM
From: Herm	Read Replies (1) of 14162

The RSI and BB values are adjusted for each stock until you get the best fit (tags on the upper and lower BB). It's like your belt, you know when you need to move up one notch or out two notches. The RSI will most likely be of more value with lower setting of 10 days to 12 days. You are looking at RSI in extreme ranges for the particular stock. For some stocks 60 RSI is the upper RSI extreme and others 70-80 is the extreme. Make the adjustments as you see it! If you use the same values you will be able to calculate the outcomes anyway. The profile of the slant and reading in RSI is more important than the setting of the value. In short, you can predict tops/bottoms for the stock within one or two day usually.

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