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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: Tony D. who wrote (6451)	1/15/1998 10:50:00 AM
From: Douglas Webb	Read Replies (1) \| Respond to of 14162

Here's the full history for the days you cited, with comments: Before the opening, the last bar extended from $32.563 to $32.688, and the bar before that extended from $32.500 to $32.563. The combined high and low of these bars formed the envelope for 9/11. 970911: Current Hiband: $32.688, Loband: $32.500 970911: Open @ $32.938 970911: Hiband broken at open 970911: Loband broken intraday, low @ $32.125 970911: Loband unbroken at close, signal not confirmed 970911: Hiband broken at close, signal confirmed 970911: Close @ $32.938 970911: New white Bar formed. Current Trend Confirmed. After the close, the high band was broken, so a new white bar was drawn from the prior high of $32.688 to the new high at $32.938. With this new bar, the high of the last two bars is $32.938, and the low is now $32.563 970912: Current Hiband: $32.938, Loband: $32.563 970912: Open @ $33.063 970912: Hiband broken at open 970912: Hiband broken at close, signal confirmed 970912: Close @ $34.000 970912: New white Bar formed. Current Trend Confirmed. The high band was broken again at the close, so another white bar is formed. The last two bars are now $32.688-$32.938 and $32.938-$34.00 970915: Current Hiband: $34.000, Loband: $32.688 970915: Open @ $34.000 970915: Hiband unbroken at close, signal not confirmed 970915: Close @ $34.000 The high band was touched, but not broken, so no new bar is drawn, and the envelope doesn't change. Doug.