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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (28449)	8/27/1999 11:13:00 AM
From: IQBAL LATIF	Read Replies (3) of 50167

Got out of all my long put positions with the exception of 1310's at 1357 area, got 20$'s .. closed the trade, this trade took some time but the pay off is good after 48hours and it more sweet when I look at my strategies, AT 1382 spu 1360 LOOKED DISTANT but as we failed on BKX SOX and DOT the reason for decline became clear and visible. Took some time but my predictions were right on the target..<<Now 50 days MA is at 1360 so may be they would hit 1357 or 1355 the low made on SPU on that after Fed announcement, however not until 1384 one can take a long view...BKX is at critial support if it takes out 829.9 we go and test 820>> Long view only above DOT 585 and BKX 839 and NDX 2415.. otherwise I will wait if 1354 is decisively out we are heading for that 20 days MA, at htem moment I am enjoying the trade..

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