<<Well I started to repond here numerous times but decided to bite my tongue again and again.>>
Look at this post on 16th the entry in SOX
Thursday, Dec 16, 1999 5:21 PM ET
Reply # of 30196
<<1427 is the support today and we can see it... Bonds utilities are giving a negative signal but the positives are the bounce off the 1413 yesterday. I would think that MSFT INTC ORCL can give some legs to this rally but I will be looking at 1426 as a support today and 1440 although tested since mornings may be tested again,,, CMGI is rated a strong buy today by many a firms so is AOL.. I would under these circumstances continues with my yesterday list and expect that to hold well.. SOX bounce is incredible and a BOUCE OF 50 DAYS Ma ON sox AND STRONG SHOWING TODAY GIVES ME INCREASING INDICATION OF NEW MONEY.. SOX tends to sell first but also rebounds fast and quick...My levels are 1442 and 1426 to watch and act... some stocks I am looking at are TER NVLS AOL DELL WFC CWP.. XOM.. momentum play INTC above 81.. watch it out target 101..fwiw if SOX remains above 618.. >>Message #30106 from IQBAL LATIF at Dec 16 1999 10:51AM
WE did test 1427 today a point above our support and INTC MSFT TER did well, I would think that DOW also reversed nicely up, if we see DOW continuously up for another two session and make a new high i would expect bonds to pull back..
Now if this on 16th is not good enough a post I will take you through my postings the best I can, and if these is not satisfactory I will l ike to reiterate kindly produce a single poster with same technique or frequency of posts on SI..
You never bite your tongue with your numerous non-sensical exchanges with your cohorts, because you guys are just to unruly and people who had lost direction. You once again did not pick my gauntlet to place your thoughts side by side to mines or your other gurus who have nothing but loss of face and total non-sense splattered as they have been calling a short of the market day in day out. By the way your recent post that I am trading and saving my neck with help of Ike numbers of support was great. Lee, you know it what happened to you people like you have umpteenth time attacked me and my kids should learn how top face people who cannot acknowledge success. A person who cannot digest someone?s other success and coil in his ownself. He can will only be jealous, may be you get shocked with all this praises I get, you posted your message and someone from your own thread PM?ed it to me. Go back and look at your post on 5th of Dec, you would really need to bite not your tongue but the whole bunch should do it
You are one of the top ?whinners? on SI, always looking for that break down. You last time compared your huge thread with my small little corner. You named few people with little grilling and refusal of your host to protect that character this time around he left but you still never moved your tongue. Your tongue was wagging not bitten when the crap on your thread never materialized rather we moved exactly opposite.
Ike stays here and play his small little role in a forgotten corner of SI, I never would have thought that I will doing this on holiday once again 50th time to save my thread, but to stop you is equally important as I know what makes you say things like this. I am honored that you still find time to write my level albeit if it is only to throw them on me or as you claimed it makes you money.
Imagine what happened, go and look at your exchanges look at the turmoil what the posters have to say they had to tell you guys that cut the non-sense and get real, after one year of censor ship and forced efforts to protect your guru he disappeared mysteriously after all that exotic stuff backfired. The others still hang around the ?greater unity of bears? and ?shell shocked? posters. Anyone who questions these ?nowhere to no where post? is shown the door. Interestingly, you kept your tongue wagging and did not bite it. I thought Army should have given you some valor but what I see is cowardice and extreme jealousy and it has to originate form either your thread or the other one which was better TSO. Don?t tell me how my children should view me but before throwing stones on others take care that you are sitting in a glass house.
<<For some entertainment, you can stroll over to IKE's thread and watch him patting himself on the back again. I guess he skips all the posts where he was shorting at the recent low just like he skipped the ones where he was 100% long calls at the top before the last drop>>
<< I lurk and this week you were clearly
short as 1430 was broken on the down side using your Monday call and all
longs were exited resulting in a squeeze as the next day bounced up 10
points before one could cover. Your 1442 long side call wasn't realized
until after a gap up open so if you bought the first cross of 1442, you
would have been late getting in and premiums would have been at their peak
eroding quickly as the market went flat the rest of the day. If you had
waited for two closes above 1442 as you said you should do, you wouldn't have
bought until this morning and you would have only recieved part of the move
unless you were lightening fast and had an exceptional broker that didn't
want a cut on his end of the spread. You also would be buying in as the
bond made a new record 2 year low. Yes anything is possible and you may have
come out on top, but this is no less risky or smart trading than buying a
momentum stock near the top praying that someone else will overpay by more.
Yes, you ARE good, but if you really wants your kids to learn from this trading, then you should be honest>>
Now look at this post.. what I am saying here << Monday, Dec 20, 1999 8:26 AM ET
Reply # of 30196
Today for me is an important day I would like to see if the breakout above 1442 is fake or real, we had once before close above this level (old 1428 SPZ) BUT FAILED as we drifted down, I would assume that today with bond yields much higher another fake break of Friday would take a heavy toll on the market, if 1432 is taken out I will trade on short side and would look at 1402 on SPX closely, if we break that support we will sell hard, on the other hand if we keep this support at 1442 on SP00H we will rally to 1475 area in a short time..>>
Where did that SPH closed on the day, it never closed below 1432, it was at 1435-6 area, the support held very well, the Friday close of 1446 was one close and Monday inability to sell below 1432 was the indicator where I would bought some 1380 puts which I did trade that range with SPH options, I got in below 1338 drop and was out 1334 we kept 2375 on NDX as exit indicator we made 60 cents on each call for 30 of them. That is my short play, now I on one hand take advantage of dips on the other look at SOX NDX and leading indicators for fine tuning my entries and calls. ( with my SOX 16th Post) Now you know well what kind of full serviced broker I use, when I use to write pit information it had to so accurate that I was told by my friends not to write openly as the number of trades wee getting skewed, the info was making that little impact I stopped but I am no fool either that if I see 592 reversal of SOX and have been long in AMAT NVLS and others to keep options long. If you don?t know this you will be surprised my option on SPH or SPZX success rate is in excess of 95%. Unlike your bunch, I don?t carry market to my direction rather go along with it.
Now come up to it, you have twice avoided side by side comparison of posts don?t shy out of this. I hate that you misconstrue my posts, the point is who is on the right side of the market, who is picking the daily up and downs and calling the right strategies, for me that is important, if I had mistakes you should have picked some and posted them, after all PCLN did not made that huge run, but instead you are making an effort that I could not get in because my broker was not sufficiently nimble enough. The point I always make is the ability to save my own neck form whip saw, rarely on this 30000 plus posts you will find reference to my number of trades or size of trade for sake of decency. I want you to know people like you remind of that jealous human nature who is ready to jump at person unknown to him in his own home to dishonor him, I will like my kids to know sharks like you and learn that never in their life they should make fun of others or poke fun and that also with people who have established track record of losing calls like your own darling you addressed the post to. You think it is nice to do that, on a holidays you have put me through this but I will take it as a test and proudly so since i think it is ?charlatans? like you who have helped create this bear mania since last four years on SI and you guys congregate and never bite tongue when market flies opposite to you.
<< I think if SPZ will break DOW will follow it on the upside so far 1428 is acting as a very strong resistance>> Now I am talking about this 1442 for far to long and letting my bias be known and hoping that DOW takes off once 1428 or 1442 is out like rocket and pointing the top 1475, now either you should be blind or intentionally bent to hurt me to say what you are saying, don?t say I am good, the point is why no one else does it on daily basis, come on try for a week not four years.
<< This 1428 SPZ or 1442 SPH has become a real resistance, may be market is building a tightening bias for FOMC. As I suspected Friday plus 1442 looks like a fake break but SOX rallied hard and have stayed nicely however if bond yields are at these levels until market break 1402 on SPX we may see bonds as high as 6.50%.. BKX is down below 750 that is now an indication that if we don't see a move up after fomc WE ARE GOING MUCH LOWER... THIS IS UPTEENTH FAILURE AT 1442.. 1380 LONG PUTS ON sph AND sox 750 COVERED CALLS look attractive.. >>
NOW LOOK AT this CALL Monday, Dec 20, 1999 3:35 PM ET << BKX is down below 750 that is now an indication that if we don't see a move up after fomc WE ARE GOING MUCH LOWER... THIS IS UPTEENTH FAILURE AT 1442.. 1380 LONG PUTS ON sph AND sox 750 COVERED CALLS look attractive.. >> Now we did get a bounce above 1442 after FOMC, the rally started and market closed above 1442 on Tuesday, with one day on Monday a fake break, we get legitimate two days close above 1442. Now in dynamics of things and fluidity of market how much closer one can get to define moves within few posts, as your cohort rightly said I don?t have volume here but the class act is irrefutable reality and you don?t like it, I would suggest kindly love me and you will like it and keep your self out of trouble. I am long SOX RUT BKX from bounce of lows and individual stocks on SOX..
Look at this post?.
<<<<I assume, as I stated in the Monday letter that there is enough firepower and greed to keep this craps game intact through the years' end. What I want to watch closely here is the two biggest Nasdaq 100 components: Microsoft and Intel. Having been out of the game since this summer, neither have been additive to the DJIA or Nasdaq 100. But now, Microsoft has hung together in the low 90's, to really move if traders and investors have a reason to latch onto. Ditto for Intel. So, key on those two names. If MSFT clears $97, and INTC gets above $82-84, the shorts will get destroyed at last December.>>
What happened to MSFT and INTC, did this not materialize the way it was expounded?
On 8th Dec I write..<< In my opinion the chart of this brkb looks bad below 1785 I don't know why I have this feeling that today's break below 1800 may be a false break,,, I think the valuation sector of economy cannot be disregarded completely in face of strong economic performance, I would assume that this divergence between brkb proxy and NDX has to reduce otherwise falling valuation sector will bring this whole thing down, as a trader I am more inclined to think that it will be more of a steady climb for brkb and some rotation from Techs.. today?s action is somewhat inline with my oft repeated theory, I would tend to think that Buffet approach will not be proven wrong and we are testing 1785 300 points from lows made in Oct 97, so at these levels as if last tow years have been long sleeper for this sector, I think
if we don't break this 1400 on SPX and continue to hit this support on SPZ 1408 area we will certainly see movement in new sectors otherwise it all looks that momentum is fading in some sectors and we need these broad market stocks to pick.. I repeat for my friends some of the issues that Buffet raised last month although I have my own opinions but this is worth a study.>>
Where did I go wrong here, look at it on daily basis and to the target, letting people know that ?bhumboo? is around the corner and I don?t use that word because some get frantic and climb over the trees to abuse me, so I thought for courtesy to 27th hater of mine bhumboos not be mentioned.
Another master piece on 9th.. fixing the direction and support of brkb at 1720 we tested 1711? but looking at the long trade as always, also highlighting necessity of NDX and SPH to work in the same direction for DOW to start participating, now this is on 9th look at your thread and see what you guys where up to, you had nothing but I don?t know but the market is going to drop.. naturally against that kind of sentiment since I come out winner you guys don?t like a sight of me nor do you like to see I can sing my own praise like a ?canary?. You can have all that nonsense about no OT and non-sense on your own thread , here is my home I am human, I love, and I react, I forgive, and I am angry man when people like you try to make fun of me for no reason other then self consuming jealousy and that is the nature I want to discover more. Swimming with the sharks like you is what I want to teach my kids. I am not a narcissist I, know I am fallible and I declare my ugly side open and clear, for I am not going to disappear this is my home and I decide how to run it, go and see what you guys did to MDA and TSO. Al of this is part of Idea training, insults, trading and love but that meanness to write my levels every day and benefit form it and insult me is the factor I want you to know that it is unique character. I wish you can over come it.
I do take great pride in connection I make serves me good and prepares me for higher challenges so that I can show you my adversities the real class, what is this all about, integrity, love and humility, but with pride of achievement, that is my wager, and don?t you dare take it from me, because that is what I teach my kids, work hard, work honestly and claim victory so that you set your sight to higher standard. . << Thursday, Dec 9, 1999 4:41 AM ET
Reply # of 30196
I would think that if 1800 is out on two closing basis we will certainly see as low as 1720.. I would assume that DOW will slip to below 11000, I think the case to buy this is only valid above 1925 on the way down we will pick the level later, if it breaks the reasons would be more than stock specific it would certainly be market specific selling, I don't think as I have explained earlier that SPZ can test lows whereas NDX keeps making new highs the two have to move in the same direction, even if DOW cannot participate SPZ has to run above 1428 to justify entry into this proxy.. fwiw
Saturday, Dec 11, 1999 5:23 AM ET
Reply # of 30196
SPX is cash... SPH is future... SPZ 1400 support translate to 1418 on SP99H.... if we had broken through 1400 on SP99H and brka and brkb with bkx would not have rallied from the lows that was a bad signal for the market. Now 1428 resistance on SPZ is now 1446 level on SP99H give and take few points, a break above that with a bounce from lows on Brka and brkb and we closed above the previous day high will lead us to new round of a break out as SPH and DOW along with NDX will be all participants of this new rally... I hope you get it.. if futures are unable to break the range and are tied up within a range we cannot expect to see a breakout on NDX to continue and if proxy of the valuation stocks sticks to new lows than market rally will finally fail.. instead of relying on NHNL phenomenon that is very fragile I depend on key indexes and try to relate on if this than what analytical approach ..Please ask more if above is not clear.
Saturday, Dec 11, 1999 6:40 AM ET
You have taken exception of this post but I don?t find anyhitng abnormal here..or self indulging it is only a note of thanks?
<< Thursday, Dec 23, 1999 2:25 PM ET
Reply # of 30196
I have been one of the most boring proponent of never short a market making new highs and the point of 1442 or 1428 on SPZ, that unless these points are taken out on two closing basis we will not see the 85% of the oversold rallying. Today in my opinion after a long wait and two closes above 1442, we are seeing that new leg has started that is giving life to the laggards like DRG's, look at this chart of DOW from Oct 98 we had this rally to April, DOW was in consolidation from May to Dec, the rally started yesterday if DOW breaks the old highs after two closes will lead us on footsteps of what we saw between Jan99 to April 99,
quote.yahoo.com^DJI&d=2ym
that is a 2000 point move what I can make of this move is at-least a 3000 point move but I would ideally like NDX to under perform, once that start happening we will see bond yields falling, the danger of NDX and DOW rally is not healthy the good things will happen for this oversold market(gg) read my recent post to FJV (Franco)when DOW and SP00H starts outperforming Comp..
I think of plan in my mind a road map for market, my objectives of breaking this 1442 resistance AND accompanying projected rally only reinforces my oft stated goal that knowing markets is through very simple instruments, to look for a dip when DRG, Transportation, BKX were going through a triple dip correction as Comp made great new highs was oversimplification, the concept of NHNL lays in dust as broad market rally comes into play now the new highs will exceed the lows the question of bad breath may finally be resolved as market is given a thorough rinse with strong non-inflationary GDP figures, the IIX and Dot is mildly lower as market speculators look for the broad market performers so far overlooked in tech frenzy.. Hopefully, RUT starts running from here.. it is theoretically one thing to forecast but to actually see it happening as certain mile stones are taken out only armed with simple tools forces me to highlight this point on this very special thread. Small little things, very ordinary and very simple have given me a broad market birds eye view so good that I think I am 6/6 but the rim glasses keep reminding me of my frailties and short sightedness, that keeps me on guard all the time..
On this great occasion as we close one of the finest years of this thread, I want to thank the great posters on this thread and great lurkers, all of you who have made this thread a unique experience for me. A thread that has a motto, post only if you trade and maintains integrity and discipline of highest order with minimum of hi- bi good bye posts. I wish you, your families your children a happiest Merry Christmas and a great millenium celebration, my family and ?Idea tribe? joins me to say ?Happy Christmas to all and happy new year 2000.
I look back at last four years and on this solemn occasion want to share with you one small secret and that is the only thing that kept me going was Idea is my daily strategy, since I trade I cannot miss it and since I trade more often than not on the right side of the market befriending the trend I keep my thread green and hot every day with what I and my few fellow posters consider worthwhile for our little investment universe. Last but not least 'Idea' owes its life and survival despite of its small number of posts to the need of strategy, without my written strategy and simple definition of the market course every day of my life I just don?t have a road map of the market so as to navigate my investments in these treacherous murky waters where until last week I was waiting for that break of 1398 on SP00H and making money from my long puts and now exactly opposite, that is what you call as ?secular nature of trader believes.
Once again merry Christmas and happy new year.. >> |
