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Politics : Idea Of The Day
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To: Bart who wrote (15109)11/25/1997 10:08:00 PM
From: IQBAL LATIF  Read Replies (3) of 50167
 
Bart- off topic
I am solidly biased towards a break on upside I have seen this kind of movement before it is a kind of harbinger for solid move up- right now things look difficult as lot of pessimism surrounds the amrket unfortunately it and never been events which make a lasting affect it is the fundamental piicture, for me 'global' economy is not entering an ice age as result of present steep corrections in ASEAN countries this market is now openly resisting 'specialists and members' gloom we saw some healthy movements yesterday and probably will see the trends consolidating as markets stabilises right here above 7800 and SOX at 300 level once this phase is over I expect movements highr on Friday in a short session - Friday after thanksgiving has always been an up day but mau be this Friday may bring long awaited end to pessimism holding market advance.
I will be very concerned and reestablish heavy shorts on a close below 942 SPZ and @** on SOX otherwise the way put premiums have disappeared from say 900 and 920 puts of S&P for Dec is an early indicator that these erosions will gain pace as voltality and wild movements give way to steady and sound move forward- INTC is not yet out of woods however Im think this is a good story and will turn after a test of 75.
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