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Politics : Idea Of The Day

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To: J.T. who wrote (12051)	10/16/1997 11:54:00 AM
From: Tom Trader	of 50167

>>Hi TT, Care to share your thoughts first? Hi JT, not sure that I have any thoughts to share that are particularly incisive. I went long the Dec S&P futures today at 978 after being short for the last week or so from the 985 level. Am also long the bonds--but these are system based signals--I follow them without exception, no matter where they lead. I would have to say that with the bonds acting well and the inabilty of the market to sell-off despite the negative news on INTC, etc, the odds must favor the bulls I was curious as to how Iqbal viewed the break in the SOX below the 367 level and whether that indicates overall market weakness or just weakness in the SOX. I am not very good at predicting market turning points--Iqbal is good at this and so I was curious as to his opinion given the break in the SOX.

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