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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1588)5/15/2000 11:58:00 AM
From: John Pitera  Respond to of 33421
 
Here is a TIBX chart I did for a friend, I like this
stock over the next couple of years.

The TIBX chart outlines some support and resistance areas.

geocities.com

we are near support today with the low of 2 days ago near 57
which is also the .618 retracement of the rally off of the
April low.

The more major support is @ 48-50, (the 200 DMA is at 48)
a bit of Gann support at 50.

the 47-48 was were the buying came in during the panic
as well so that enhances this area.

Ther is also support at 37-38 with the major uptrend line
and the early Jan. low which preceded the Large Q1 advance.


John




To: John Pitera who wrote (1588)5/15/2000 1:26:00 PM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Hi John,

Good point on the premium revenue to be had by selling options.What is your approach: specific stocks or indices.

Selling calls Covered or uncovered or puts covered or uncovered?

My only winners (from the past) have been selling naked puts on stocks I'd like to own - but valuations are still high for that game - if we get a Kahuna?????

Bob


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