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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Herm who wrote (11705)10/21/1999 6:12:00 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 14162
 
Herm,

I would be inclined to think we are not entering an up cycle for IFMX. Buy!

I assume the "not" is extraneous.

In spite of my recent "sneaking" into the ROST sideshow, I haven't given up on trying to do it by the book. I'm still a member of the IFMX CC club, hoping to do better than last time with this next round. Lots of action on the Nov7_1/2s today along with the 1/2 point gain for IFMX.

I'm also holding ABTE after a small gain (1/4) on Oct10s that expired worthless. It retreated a bit today, but finished near the day's high. I'm thinking with a bit more consolidation we could break 10 again in a few days.

From time to time when you discuss the charts Herm you talk about convergence or divergence of the BBs, as well as trends and BB-RSI set-ups. I wonder if you could point to a discussion of the convergence/divergence, or elaborate some.

Thanks.

Dan