How To Write Covered Calls - An Ongoing Real Case Study! Message Board

Sponsor

To: virgil vancleave who wrote (14125)	11/9/2003 9:09:05 AM
From: Herm	of 14162

Hello Virgil and fellow readers! Sorry, for the delay. It has been a busy time for me. My mom is in a nursing home and it takes some of my time away from the computer and my web business. The DIA (DOW) has been on a steady upward climb with sporatic pull-backs. The daily chart below shows pretty clear pivot points which bounce off the 50-day moving average (or 50 RSI reading) on the lower price support level and/or the high RSI readings for the overhead price support level. Note! The weekly chart profile indicates the overhead resistance at a $100 DIA. The DIA is at $98.11 and getting ready to test it. coveredcallswins.com QQQs may be setting up for a near term pull-back that may last a week before the next bullish run. coveredcallswins.com