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Politics : Idea Of The Day

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To: Investor2 who wrote (20285)	9/10/1998 4:49:00 PM
From: IQBAL LATIF	Read Replies (4) of 50167

Clinton will be priced only after Primikov fears are discounted, I think since late afternoon I am looking at NDX.X and other lows I am seeing the kind closes which I see in my intraday trading as signs of some kind of bottom, the way it closed today at 980 I would see that ASEA will react positively, it is not only Clinton it is also Latin America but I would think that action today was genrally broad, the DD sector and oils have started picking up and SOX maintained 200 support-- I am going into tomorrow with 950 longs and 910 shorts 2 to 1- It was only because I don't think that this selling has legs- but to avoid looking like a fool tomorrow with no trade in my hand I am going in with a trade, I expect primikov confirmation will bring some relief to the markets by the time we are NY Clinton stories may be to old.. Today on this Europe close which was real bad we were prepared for that break of 955 but we never saw that, at 965 and bounce up the little we know we are not impressed with this sell off and therefore we are biased on long side as we go in tomorrow-- when Europe closed we were down at 980 Europe priced in much more but we closed at 980 which is a good sign. We have this 950's 1 contract for two sold 40 points at 910 away but that is only to leg out if it really opens bad we think we will leg out of 950 and expect a bounce from their if opens higher we don't pay anything for a 40 point protection, when SEG is up 2 and COMS is up 3 we don't have a bear market..gggg I need to sleep and work on my currency position I had shorted the sterling big against mark it is doing great but against $ it is against me 40 pips at 1.6831 when NY opened.. need a good rest to be fresh tomorrow.. I wish I can make some claims to be down 1000 or 500 but unfortunately 20 years in market never gave me those tools.. I can smell 1007 break to buy 990 puts or buy COMS or ASND a day earlier than Ericson intentions are made public but this 1000 point thingie is beyond me.. I take my levels as they come -- they just don't show me- if even I take this chart as a pork belly chart I see 7250 or 900-910 but that is it.. However lets see if our ASEA call is right- Iwould think we will see ASEA holding well...Europe may recover some ground and if Primikov is reconfirmed we may see a much better opening.. The bonds are becoming an irresistable sell-- buy 122- 124 puts Dec and sleep -- you will see your levels--

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