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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: Gary Stern who wrote (13790)	7/19/2001 4:07:17 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Hello Gary, Looking at the extreme RSI readings for any stock gives an indication of the pivot points over the historic past for that stock. The BBs going in opposite directions is a reading of increasing volatility. So, a strong moves up or down will widen the BBs. As the BBs draw closer they indicate a decreasing volatility reading. Thus, a slow down in the price movement. the narrow BBs will eventually lead to an explosion or gap either up or down. If the readings are at the lower end of the scale, generally it means an eventual upward gap. The converse of that is also true. So, the review of T means a sideways move for the near term with a possible pull back and re-testing of the current $20 price range. All that I just explained are common characteristics of a stock in the final stages of a markdown market phase with a possible early stage of an accumulation market phase. You and the readers are welcome to download any of my materials on the subject. In particular the WINs Overview and the Matrix of Technical Indicators might provide you with a clearer picture Gary. coveredcallswins.com