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: Herm who wrote (9046)	11/15/1998 8:46:00 PM
From: Scott	Read Replies (1) of 14162

Herm, I agree that W.I.N.S. often works, but looking at the SUNW chart, I see that it tagged the upper BB around Oct. 20, and the RSI appeared to reverse. If I cover the chart from Oct 21 to today, wouldn't I have predicted a WINS reversal down to 40? It looks like this reversal lasted all of 1 day, and then the uptrend continued for another 15 points. What tells you that it is different this time? I'm not trying to dispute your conclusions, and I hope to make some money on this SUNW reversal, but I'm really wondering why a reversal is being signalled now, and wasn't on Oct. 20. Is it just a matter of waiting a few days for confirmation of the reversal, as we have with SUN now? Thanks Scott

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