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To: Rich1 who wrote (4974)1/19/2000 2:46:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 9427
 
Rich

actually thats very high at that number..90% usually means we are overbought here and will correct soon..

so you should protect yourself, by writing covered calls...or placing stops to protect profits...

55??? actually..i think thats a good choice here..

KLIC's on a high pole..broke a DT at 52 ran up to 62 and we know a 50% retrace plus 1 box would set up the high pole warning..so 55 makes perfect sense...

good luck...and good thinking...