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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: Herm who wrote (9388)	1/8/1999 5:49:00 PM
From: Herm	Respond to of 14162

BTGC Tags Upper BB and Retreats - Another WINS Score! It was one wild day of trading for BTGC. BTGC opened at the high of the day @ 8 1/32 and traded narrowly for the first hour or so. That is why it it not suggested that any astute investor trade during the first hour. No real indication of the trend for that day. The tape indicated a low of 6 1/2 today. Although, I took a look at the intra-day chart and it does not indicate any bid at $6.50. The lowest was around $7.25+ around 3.00 pm in the afternoon. So, where they got that wild number, who knows? A rebound came in the last hour of trading. Thus, BTGC gave back -2.38% for the day. Frankly, without any positive news soon, BTGC will move sideways. In the meantime, the RSI continues to erode slowly back towards normal range of 50. Less BTGC shares were traded today than yesterday. So, as the volume drops so will BTGC price. $7.00 should be the next price support until the earnings release. Symbol Last Trade Volume BTGC 4:00PM 7 11/16 - 3/16 -2.38% 1,175,100 IFMX 4:01PM 12 1/8 unch 0.00% 6,074,300 iqc.com So, score another one for the BB and RSI predictor! As of Friday after- noon the chart is still showing only yesterday's plot. On Saturday, it should be ready for viewing. Note the upper BB tag and the RSI moving back and going lower. Look at the previous repeated trading patterns.