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Politics : Idea Of The Day

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To: Arik T.G. who wrote (13190)	10/30/1997 10:23:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

I hate to say that- but shorting the market ala you would have killed me- the party is not over- yes today is the day world is looking at US for leadership- I am watching my key stocks SP is up from lows that does not mean wil not test 900 but here lies the point- short the bonds not SP.That's what I ahve done 118.14- ' \| Next \| Respond \| Remove Navigation To: +Arik T.G. (13183 ) From: +IQBAL LATIF Thursday, Oct 30 1997 8:42AM EST Reply #13186 of 13195 You will be surprised to see market action today- HSI was at one point down 9800 nearly 870 points came back up and closed within 30% of 1200 point gained it had registered day before- for me this market is buy on dips sell on rallies-btw 890 and 940 lies the range and last night action in Russia and HSI NEkkei confirms that we are seeing some kind of bottom.I agree in absence of a bottom DOW will not rally- DOW need not to rally a consolidation over a week at these levels can be a very stabilising factor for global markets. ' Look at the action in the market- exactly what I predicted- I am not looking at charts since last one week- charts never tell you when the drop will come and will never tell you where is the bottom- experience will.

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