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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: Dr. No who wrote (8857)	10/20/1998 8:14:00 AM
From: Herm	Read Replies (3) \| Respond to of 14162

NOVL READY TO REVERSE DOWNWARD! NOVL is showing alert signs of a W.I.N.S. transition from an [I] increase in price to a {W] withdrawing in price as indicated by the BB and RSI. NOVL should make a new high and then pull back on profit taking. Wait for an increase in the trading volume of at least 50%. If NOVL reaches it's normal trading volume in the AM then that is the best time to execute the sideshows and sell deep in the month CCs out a few months to lock in big premies. First pullback price resistance will come at $12.00 and when that is broken NOVL will slowly plung to $10.00 level. From a $14 new high that would equal a 28.5% decrease in the stock. askresearch.com