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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: voop who wrote (4125)	1/9/2000 11:51:00 AM
From: Guy Gordon	Read Replies (5) \| Respond to of 24042

Yes, I agree with you that selling covered calls at the peaks of a steep channel (like JDUS's) is a good deal. The problem is when to buy them back. For example, look at this week in JDSU. The Jan 3rd high of 189 was a great place to sell CC's. But when would you have bought them back? I certainly wasn't counting on that bounce we saw Friday morning. JDSU never reached the 26-day MA or the bottom of its channel. Frankly, I've always had this problem. TA can give you lots of sell signals on up-trending stocks. But very few buy signals for them. So it tends to get you out of great stocks, and not back into them. I really need to work on this. Does anybody know of a good indicator that gives buy signals on up-trending stocks? RSI and Stochastics almost never do. Williams' %R gives a few.