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Politics : Idea Of The Day

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To: Getcher who wrote (8711)	9/2/1997 9:45:00 AM
From: IQBAL LATIF	of 50167

Gtecher- My purpose of posting is exchange of knowledge- I write to let people know what is known only at the highest level of investment decision making- this is the purpose of this thread- try to understand the basic dynamics of the markets and charts will dance accordingly- NAPM number is one of hundreds of others but we are gradually moving thru laybrinth of data to learn and trade skillfully. We know now clearly that even if number is lower but purchasers report or vendor delivery show signs of inflation we will have a soft close, however if we have a strong NAPM number but soft purchasers report alongwith vendors inventory we may have a rally. That rally may fizzle due to 'deflationary thoughts' but lets keep that out of equation. Charts do not dictate markets it is the events like today which channel the directional move- today is one of those days- it is not by chance that before the number we are sitting at 7600 around or 905 on S&P these are major support points and direction of the market will be determined upwards or downwards by the events today and on Friday- as I always say we live in interesting times. I will never compromise on quality and educational aspect of this thread- Thanks anyway that you thought my efforts have some fruits.

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