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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: RCVJr who wrote (6510)	1/20/1998 12:21:00 PM
From: R. Gordon	Respond to of 14162

RCV, I've been developing an indicator for some time which is somewhat predictive - but no TA will ever be fully accurate because the future is not written. My system is complex based upon averages of previous highs and lows over short periods of time. In most cases a stock only rises a certain amount in a short period of time relative to the lows before it backtracks. Just as the major markets are getting poised to go back down, VVUS looks like it is in the same position. If the major markets come down in the next few days it could add momentum to VVUS going into bargain territory. This works about 80% of the time but it's not rocket science. ggggg Richard