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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: Mike Devour who wrote (10637)	5/6/1999 8:20:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

BB and RSI - Relationship to Trading Volume I have been trying to perfect that aspect of the WINs approach. That is, to come up with clear signals that confirm the BB and RSI. Trading volume and money flows are two things that I'm reviewing. On balance volume is what I'm really interested in. Take a look at this review. traders.com Example? IFMX right now has tagged the lower BB and RSI is low enough in a range that the stock has reversed. Now, take a look at IFMX and the On Balance Volume chart. I set the time span to 36 months to get a clearer picture. askresearch.com Notice, that on several occassions when the OBV was as low as it is now, IFMX took off. I use to say trading volume increased by 100% over normal which is true MOST of time. But, I have seen stocks turn mid way between upper and lower BB. OBV may shed some light. I covered my CCs yesterday on IFMX made a few hundred bucks from last week. Now, I have some cash to buy more stock. Also, IFMX fell below $7.00 but it did not close below that. That is a good sign since that is the current bottom price support level.