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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (16364)	6/7/1999 9:25:00 PM
From: Casaubon	Respond to of 99985

right now my bunch of stocks is one <g> I will research a bunch (maybe 20) with the expectation that no more than 10 will be giving buy or sell signals at any given time (probably even less). So, your comment is completely within my parameters. My first goal is to learn which tools are the best for me (candles, P&F, trend lines, e-wave, RSI, stochastics, etc), then deploy my army of tools on my basket of stocks. I have also been studying the use of options to capture time premium, etc, but I'm not sure how extensively I will employ this knowledge now that my TA toolshed has grown. I have to see. The problem with the options is a problem my brother warned me about, and now I understand his point; he warned me about the liquidity issue in options. I tend to focus on small cap and his point is especially true in this arena. Although, with my increasing reportoire (sp) of options comprehension and TA, I have grown more comfortable purchasing calls, instead of my original plan of selling them. The problem with selling calls is my focus on growth stocks. Thus, I don't want to miss an explosive move, by writing calls. However, with good TA, I can probably do as well or better than my original CC strategy. If not, I will default back to what I learned about CC writing and concentrate on more liquid stocks. Thanks for the heads up!