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Politics : Idea Of The Day

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To: Darth Trader who wrote (16924)	2/8/1998 12:43:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Few good things- In markets without being wrong one cannot be right but it is your overall read of the direction which makes you trade on the right side of the markets, the last laugh is the overall bottom line and looking at short funds performances that is not an impression I gather it is long Mutual Funds in which one keeps his nest eggs not in short funds - they always in my opinion end up owning the bill- the problem is that on charts it is the reversal point which looks the most attractive entry point of shorts it is for this reason 'whipsaw' is a word not in short supply in 'shorts' dictionary. Expression of solid long opinion articulately expressed is for me is as important as 'short expressions of dooms day' - for me to keep my trading focus I need to answer their concerns in my bullish encapsulations. - I feel all said and done longs have done very well in this race to 1000 or 550- of course the goal post of shorts keep changing it is a perpetual run and on SI shorts are running 'perpetually' short positions so finally I agree with you that they will on a day when markets will be testing 7500 support will chirp again as 'see - we told you so' but every one seems to forget or refuse to answer that when we went long at 6900 they were calling for 5200 levels- I agree any market which goes up will come down but this run up to 1016 is victory of longs and that is I am not going to concede. The pleasure of 'short squeeze' when all their predictions about Nimitz Deflation Inflation Japanese mass bankruptcies ASEANs going to dogs- Ice age of deflation -1929 crash- comparing 97 with 20's and Japanese money being repatriated to Japan mass selling of US bonds- all this for me is skewed thinking and I always think that without opposing camp we bulls will get rusted. The present match is about ascendancy of logic over coloured view of the market and we need that dialogue to continue. It keeps me well oiled and focussed because if we are unable to find and call the top point of reversal 'shorts' will have the so called last laugh even on that I will like to deny them the pleasure. It is fun and that is all it is about at the end of the day we all are friends and this bear bull infighting is like old days Olympics where all major disagreements were resolved in arena of sports today we have our own lovely way to keep disputes alive this keeps us on the toe all the time otherwise we will get complacent.. The storage issue is a million $ question- If the answer is by any chance DD's than we may see some real move on DDX although some storage companies will undoubtedly do better than others.

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