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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (16825)	2/3/1998 6:34:00 AM
From: IQBAL LATIF	of 50167

If I was a pit trader how I must be thinking- 1- I would look at the gap opening 897 tp 1002 and would like to fill the gap but I wont first that peole should go long and also like the shorts to throw in the towel. 2- So what I am going to do first my game would be to get people long at what level I think 1008 but will towels will be thrown in no may be at 1020- so my trade as a pit broker would be to take this thing upto 1020 and even higher and than bring it back down to 990 to fill the gap- so enjoy this tug of war and look how Chicago boys and NewYorkers will fight out this small fight for sweet moral victory is the gap to be filled first or we make a rattling run to let short cover there exposure- for me a small little investor I being too small to be caught between NYorkers and Chicago boys- I will put my weight on the side fundamentals- I am booking my profits on break of 998 and will let position run with a trailing stop profit of four points below the market but at 1020 I will make a new strategy and if I break 990 today I will call this 1002 break as a false break for me as puritan this thing needs to close high above critical 1002 today- keep watch and enjoy trading and swimming with sharks.

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