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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19223)	8/11/1998 4:24:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

My prediction in the morning was we will hold support at 1060 and that is what happened-- my 1070 pivot is under test and this is from my 29th July post to James Strauss- we are moving with the pivot -we did check 1060.5 and 1058.5 twice during the day.I sold some naked 1020 puts and went out for my jogging- came back and saw the market where I wanted it to be, I was expecting 1080 but a good trade. In this market the biggest shorts are the 'longs' not the shorts, probably someone will realise soon that world is not coming to an end and we may see ASEA stabilising. I will think we will test 1080 tomorrow.

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