Compaq Message Board - Msg: 6188062

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (35421)	10/27/1998 9:36:00 PM
From: Night Writer	Read Replies (2) of 97611

OK some amateur technical talk. We touched the upper bollinger band today and the RSI is 50. This is suppose to be good news. The trend should continue. When the stock touches the upper Bollinger band and the RSI is above 70 it is a good time to sell calls. I have no idea what this means. I have studied the charts with this recently acquired wisdom in my head. It looks like it should work. So I'm trying it out. El, if this technical stuff is true, you can start posting tomorrow afternoon. <g> NW If the share price is at the upper Bollinger Band but RSI is less than 70 then the trend will continue. iqc.com

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