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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (2)4/29/1997 10:40:00 PM
From: IQBAL LATIF   of 50167
 
Market as predicted moved higher OEX closed at 778, I think today it might try to test 782-5.Close your long OEX 770's @ 782 or 767 if the market weakens.The afternoon session will see nervousness before Thursdays claims and Fridays unemployment.An ideal OEX or SOX trade would be to purchase some May 765 puts or SOX 270 puts within one hour of opening and close this position an hour before the close.Economy is slowing and Friday's number would proove it.
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