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Politics : Idea Of The Day
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To: FJV who wrote (19292)8/14/1998 4:24:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
FJV-- I see a direct relationship of events- SPU break of 200 days MA over one session is perfectly possible but if it happens we may go to as low as 1018 to bounce back very strong-- my strategy is well defined if this 1055 is ever taken out for extended double dip kind of situation. However these dips are perfectly normal and does in no way represent any sea change of attitude. I do imagine that we have most of the market enthusiasts post-95 crowd who have so far always seen bull leg and get very concerned on a consolidation move but these are the stuff markets are made of-- we move within extended bands and movement within these bands with underlying goal posts maintaining their sizes and positions is perfectly legitimate. Falling markets some compare it to falling knife and no one wants to stand under a falling knife to catch it I do it and if you go back to this thread with my equal enthusiasm-- for me if I have overlooked some fundamentals and market breaks on that it is even for me will be an education but I will like to maintain my consistency-- my crystal ball has shown me up and down moves since last few years with good accuracy-- and I know it well that past performance cannot be taken for future indicative projections but if my indicators do not show me some thing opposite I will keep my line-- however, in case I get some counter indications I will try my best to make a bear call much before Abby Cohen-- she will hopefully follow suite in 24 hrs --ggg
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