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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: Jon Tara who wrote (10926)	5/29/1999 12:48:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 14162

Whoops, I take it back, Herm! Those are some awfully strange parameters on your stochastic oscillator! Is that intentional or a mistake? 69-day %K and 73-day %D? Really? No WONDER the thing is still "over-bought"! I just looked at this with Metastock, using a more traditional 5-day %K with 3-day slowing, and 3-day %D. The stochastic oscillator dipped to near the over-sold line at around 89 the other day, and has since come back to where it is about to cross back into over-bought. Looking at this, I am now firmly convinced that HWP wil trade up to 100 and perhaps a bit higher next week. It may well then fall, and possibly follow-through with the rest of your scenario. I note that the area around 100 is now the top of the BB as well as the top of the Raff Regression Channel that I drew.