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Politics : Idea Of The Day

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To: ViperChick Secret Agent 006.9 who wrote (6069)	8/14/1997 10:30:00 AM
From: IQBAL LATIF	of 50167

Dancing night out in Paris and 'Dansing avec les loups' are two different things! Floor traders if they don't do mischief who else would: Mischief to test 916- this is a classic situation market trapped btw 50 days MA and 20 days MA which is 951 and 916, as I have written last night have strong fundamental reasons to beleive that if I was a Specialist short in this market I am not going to square my shorts with one number in line until I have enough evidence to conclude that we are heading towards 6.35 yields on the long bond this presently is not the caes I will request that an attempt to higher levels like 935-937 should be a good level to purchase out of the money OEX's Septs 870's, don't confuse yourselve with S&P futures and OEX'x, two different animals(Bart-they do party in the same "SHORT CLUB"). SOXx is not reacting any upside blip is a trap until we see this 385 taken out and 939 on S&P, reading tea leaves is about your expereince about fundamentals about risk about charts about monetary policy about contarary indicators about smart money about barnes risk about bond trends about divedend yields about A/D lines about oscillators and about risk premium on all these counts I have nothing to indicate any red storm rising which may signal an end to my phase of correction. I am not looking now a days to much into DMI Scochastics RSI bollingers band because these trend breaking events are really about analysis of external factors governing markets the charts will change direction if perception changes, perception is negative. Charts are post- reactive indicators and not pre-reactive strictly for trend reversals and directional change of markets. I would therefore appreciate that true imparting of knowledge should continue unabated with some explanations and underlying reasons from the contributors. I am extremely sorry to bombard you with long posts but this is not about dancing night out in 'Regence' or 'Kuir Samba' this is about 'Dansing avec les loups'. I hope you all enjoy and learn to swim with the sharks- Truly yours IKe- a student of this thread- you will se how much I have learnt by being with you all.

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