Amateur TA time. Remember, I don't write the charts I just post 'em.
Nov max pain has fallen to 27.5 If this happens good news for the 30 call sellers that want to hang on to the stock including yours truely.
pipeline.com
This is interesting. Not sure what the proper reading is for breaking above the bollinger band. It is touching with a RSI reading slightly above 70. So the TA guide says to sell covered calls. Notice it does not say which CCs to sell. Heck it could be the 30, 35 40, 45, or 50 for all I know. Of course it will be hard to find buyers for much above 35.
iqc.com
The bottom line is all TA counts on some type of semistable environment to function in. It can't predict economic news, earnings, FED rate changes, greed or fear attacks. But, I've been looking at it and thought I would share it. Tomorrow I'm going to a class on tee reading. Could we get some one to kick in with star readings, tara cards, and bone reading. That way we can have all the bases covered. JAJAJAJAJAJAJAJAJAJAJAJAJAJAJ!!!!!!!!!!!!
Gotta crash! Tee time tomorrow.
NW |
