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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27046)7/6/1999 4:51:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
''My advice to perpeutal shorts''! after all you guys know it how to do it....''Time to kill your threads and move on'' your posts over last month stinks , suggestion isn't it time to move on,...go to a new abode like TSO was unceremoniously killed for it could not take the burden of July oct 97 and Oct 98, bury the posts of wrong directions and move on like Mongols looters, new thread new environment, new opportunities to fool around..with OPM other people hard earned money...gggg

From 1st June to 30th June, someone who wants to know the reality of these ''Mongols warriors'' who have been wanting to try to ''put off the lights of the market'', I suggest take one of them and select all the posts on one page and read them they make like 'Ali Baba and 40 thieves' or selections from the ''Arabian nights''. You might need 40 gallon flush after reading these nowhere to nowhere reports. Every time their is opportunity they never fail to miss and they do it collectively a bunch of them, the sad people who never miss an opportunity to miss an opportunity. I take them on because nayone who challenges them is thrown out in name of decency anyone who shows them the mirror or even re-post their post will be told ' be nice', you let me loose opportunity with bs and than tell me be nice, why don't they be nice and for a chnage go back to good business of keeping quiet..ggggg
Lot of wishful thinking or eruption of genies no substance in their collection of memoirs of what market should be not what it is. However, market keeps moving next day in opposite direction.... I keep relentlessly keep informing that beware of these self inflicted pain' characters if you have any chance to trade in this market, in a bull market don't try to guess bottoms or breaks. Only when the darn things breaks short it not a second before.

Who shorted SOX/? Who shorted MOT? and Who thought we go to 8000 on DOW? Who was buying puts on DOW for SPU at 10470 area? Know it well.. Yes we might be their but when Idea calls it not the rainy seasons experts..like weather reports treat them as contarary indicator, do just opposite to what they say you make good.. I just want them to know that the mess of ''nowhere to nowhere'' is great compliation in hind sight and ofcourse their accounts show them that! This close watch atleast keeps their mouth shut like no opinion or don't know can be up or down or nowhere or new rumors..gggg

SOX was shorted by the ''self styled specialist crooks'', on 15th of June they got it one on the chin which they would never forget I said this on 15th... Whole month of June the 'specialist self styled crooks' issued from 23 June to 1 st July 32 calls of short on DOW when I said DOW roars back up from 10479.. the challange to the bunch who tires to make every effort to miss a rally.. go read your post in succession from 1st June to 30th June fool everyone else but in your concious you know that 1st June to 30th june like a dagger you guys like to puch in my back your posts are bunch on non-sensical combination of 'sells and buys', stop fooling people and get real ..time to kill the thread and move on.... gggg
Tuesday, Jun 15 1999 12:59AM ET
Reply # of 27396

Even after these clear posts in succession and identifying TXN MOT EMC as my picks with clear indication of break of supports makes me a bull than the bear need to have their heads examine, I am in the right sector that is SOX which was up even yesterday and I am taking my profits from it and for me market is about supports and resistances.. << A break of these supports 1318 and 2475 will lead us to 1292 on SPm and 2360
on Comp. naturally such a break can be expected if numbers come out wildly out
line and instead of one tightening we may see a coherent pattern across the board in
price rises.Market needs to be traded within some supports and resistances anyone
who has not learnt this will have to learn this discipline, I have over period of time
and working hard to make it popular. >>>

IQBAL LATIF on Jun 9 1999 10:49PM EST

SPM 1318 is a support which was tested solidly, I would like this support and
2512-4 support on Comp to hold today, SOX has the potential to move upto 440
area where it may sell back to 405.. I will replace my TXN MOT EMC and other
heavily in the money calls with out of the monies. I think if 1318 holds well until
Monday the path of least resistance is upwards and not downwards, the pits
shorted at 1327 yesterday and they would like to do it again, the Monday high of
1337 is where they would get out, so if 1332 is out and we see 1338 the rally can
take us to the old resistance of 1355.

The second close above 2512 and NDX 2121 will be very important, a major
break will only be confirmed if these levels are held, so far in last few sessions we
have not been able to have a secnd close above my levels, even SPM 1330, we
closed on 1329.7 and than went up for a day to close down, experience tells me
that two day close on major turnaround is a must.

A break of these supports 1318 and 2475 will lead us to 1292 on SPm and 2360
on Comp. naturally such a break can be expected if numbers come out wildly out
line and instead of one tightening we may see a coherent pattern across the board in
price rises.Market needs to be traded within some supports and resistances anyone
who has not learnt this will have to learn this discipline, I have over period of time
and working hard to make it popular.


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