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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 (12353)	2/13/2000 8:36:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 14162

DOX 60 minute chart: siliconinvestor.com Looks like it put in a bearish rising wedge. I would expect a resolution to the downside with at least a downside test of gap support at $60. That's a short term analysis, of course. A break below that would indicate it would probably head for $50 and attempt a double bottom. The weekly candles look pretty strong, so I would expect this stock to continue trending higher. However, the sector moved into "bear correction" status this month so I would not feel comfortable initiating a long position here. If it closes above $65, you should cover your shorts at a loss.