SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jmac who wrote (5832)2/7/1998 1:25:00 PM
From: Chris  Read Replies (1) of 42787
 
Subject: "IDEA OF THE DAY"-Trading in&out for profits.

| Previous | Next | Respond |

To: Mike Battin (16920 )
From: IQBAL LATIF Saturday, Feb 7 1998 3:38AM EST
Reply # of 16924

IBM and market philosophy-Keep talking to myself my strategies keep repeating my levels and stalking the resistance with an eye of hawk-

Now look at IBM chart- we have a very tight range and a band between 96 and 112 with abreak to 88 once - now I will repeat my oft warning sentance that this is one hell of a configuration whichever side it breaks- now my break is very narrowly defined on the up let IBM close above 102 and this thing is game and let it break once on closing basis below 96 and we pull back to 88 level- so for me I will look at IBM in context of market and see my composite level I yesterday wrote about composite taking new high out and that exactly what it is trying to do 1692 a full solid move up with INTC and SOX not helping the compositie itherwise we would have seen it much higher- market is a feel and it is important to develop this feel - junk everything else live with levels think levels- now I am looking at HFX DDX BKX SOX SPOA DJIA TYX BIGPICTURE and history what happened in the past armed with all this I execute my trades.

INTC TXN aresitting on July Aug 97 configuration where at these levels they broke on the upside we really need some good news emanating for future earnings Ifeel this market needs some more positive news to take out these historical resistances at 56 and 90 my 3rd level on INTC was reached the next day that was ninety it did not hold although TXN shied a bit short until INTC TXN stay above 86 and 53 Iam alright but below that I will be slightly concerned and book my profits on huge INTC and TXN position- I love these positions as I got in them the day we had someone writing about INTC below 60 and long at 55 I knew this is the turnaround as I saw SOXresistance at 243 I based my trade on SOX turning up to move on to 280 my first resistance others kept waiting for 190 on SOX-

Now I will now watch like a hawk 301 break all these other breaks and put a strangle around this move down if it comes- don't you worry bears always are born to give money on platter to bulls- I wrote once and several times these markets since 93 are for longs one should always play it with that bias it is for this we will make it sure that market goes nowhere without us - up or down we play with fire and get duly rewarded now from here we are betting on 1748 and 1130 or 1640 and 1102 break- lets see Who dares win? Any which way the market goes you find Idea band wagon dancing with the wolves this is what I call trading without bias of 'bull/bear ideology-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News