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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 (6637)	2/2/1998 6:25:00 PM
From: Greg Higgins	Respond to of 14162

Tony D. writes: This has to be a great day for writing calls. That depends upon which calls you've already written and how much cash you have left and how much you think the market is going to continue to go up. This was/would have been a good day to write if the market reacts as it has been doing since August. The DOW is just a few points below the downward trend line of highs, perhaps indicating it's time to head for 7500. On the other hand, if it breaks through the trend, somewhere about 8155, that might mean it's time to cover shorts and go long for the upside to 8500 and beyond.