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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19787)	9/1/1998 5:22:00 PM
From: IQBAL LATIF	Read Replies (3) of 50167

My take on tonight before sleeping-- I would think that we may see a relief rally in Japan-- my target would be to take out 14200 first resistance-- On HSI I will like to think that HK after giving a bloddy nose to speculators and Hedge Fund will again be subjected to fierce pressure-- the Nikkei outcome may rest on HSI- China the peg is the objective if they take that out theu massive selling of over 15% below 6500 they get the HK peg in jeopardy, for me it is an important night the hedge funds know that the short game is about to meet its natural drop scene, as such I would think we will see a fierce battle in ASEA tonight. I would assume that if I was HK authority I will let this market drift lower enticing the Hedge funds to short the market, I would like towards end of this week to see a raaly or utilisation of trading profits. However today is a day of tug of war between hedge funds and HSI-- the fears of yesterday will be comprehensively answered today/ If ASEA which I expect to come out unscathed we will see the rally in Europe setting a nice move up to 8000- 1000 500 1600, but HK is the key tonight..

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