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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: virgil vancleave who wrote (13654)	3/7/2001 12:19:57 PM
From: Herm	Read Replies (2) \| Respond to of 14162

Thanks for the update Virgil. For the record, what indexes do mostly watch for? Not too long ago, someone posted a message that he noticed a significant reduction in the list of posted CCs ITM plays that seemed to occur just before the major markets reached the extreme moves in that cycle. Indeed, I looked that up with my leap spreads posting as well and I'm starting to form a strong opinion that when the markets of the DOW and NASDAQ are in extreme bullish or bearish points in time that our LEAPs Spreads WINs® Reports filter picks up a smaller number of plays. In other words, the list of LEAPs spreads candidates parent stocks drops significantly. Right now, the market is reversing upward and the list of play is still very small. So, I would say that this upward move is temporary. Otherwise, there would be many more solid bullish or bearish plays. I am trying to reach a conclusion if this seems to occur in a market pattern like or technical indicator providing feedback when something is happening to the market trend. Have you ever noticed the change in the ocean tides from high to low or from low to high? That is, the moment in time when the currents start to backflow and eventually your senses will notice the tide is changing. Well, that is what I'm trying to compare. Picking up the change of tide (market direction or trend) during those low listings on our LEAPs Spreads WINs® Reports. This message will be time sensitive depending on when you read this. Take a look at the indicators below and the major support levels and resistance levels. The theory and observation does seems to match the circumstances for now. RUSSELL 2000 ($RUT) 209.15.73.188 Wilshire 5000 ($WLSH) 209.15.73.188 Dow Ind. ($INDU) 209.15.73.188