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Politics : Idea Of The Day

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To: J.T. who wrote (7612)	8/22/1997 1:38:00 PM
From: IQBAL LATIF	of 50167

JT- Dont treat the anticipated recovery from lows as easy- if it closes above 915 it gives me an indication of higher lows - 993-915 and ? so I will watch this very closely- I will rather take my profits on the shorts then risk upward move above 918 area-In morning S&P gapped up and now if it comes back without testing the lows I will like to go square over the weekend- take the money and run who wants to lock horns with these bulls? I will look for opportunity some other time want to close the day on a nice firm tone. CPQ is not breaking- INTC is still holding but I wait until 918 break on upside-

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