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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (39678)5/16/2001 10:59:17 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
From down to up why? My morning post addressed this adequately, the murky arguments are getting washed off in face of facts I have produced earlier..

<<I see a possibility of nice decent sell and I will like to provide for that in my strategy, a collection of puts with some number of covered calls is the strategy now, we will like to see 1228 and action at that level so would 2000 Comp come in play but the whole issue is muddled with lot of contrary argument and these contrary argument have this tricky history of washing off in face of facts. I am going to play this game the way market wants in face of increased bearishness but keeping in my mind that if history has to believed the rising liquidity the shape of the 30-year bond yield curve all point to a recovery that will hit 1328 on SPX to retrace from that point will be a more credible move. In the interim play with 1213-1267 band with ease.>>
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