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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (27374)7/5/1999 8:42:00 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
I wish market forecasts were about as easy as being neutral on breakouts or trying to find a top to short, it is intermediate market supports where on SOX 450's and DOT 500's you find a point to go long and ride the huge move, it as at that point when the shorts are buying puts and we at Idea are going long, time and again I am the lone voice on SI calling for market breaking trends on the upside. Since last two years I have seen the 'shorts' still coming out alive out of these situations, at 10471 reversal is a classic example where we now see DOW on new high, I predicted 1400-1410 as my next target and we are almost in the money, DOT and IIX 302 break out and 550 resistance and we saw new highs on Comp and NDX with 302 and 572 breakout we never really stopped once 302 was out on IIX, now if after all this the SI shorts skewed reading remains slanted I would only suggest one of these days from 1410 or 1415 this marekt may test 1355 again but the puts purchased at 450 on SOX and 550 on DOT for July may not seel ight of the day the evaporating premiums are the dead flowers contaminating many a threads and I think a thread is now ripe for burial again!!!! the best way to forget non-sense open a new shop somewhere else far from reality and start new play with chartsd and nowhere to no where logic..In the mean time i AM LOOKING AT MY POSITIONS AND THINKING WHAT A MOVE TO CATCH.. lOVED IT.. AGAIN TO HIT THEM COLLECTIVELY ON THE CHIN.. ONCE again...
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