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Politics : Idea Of The Day

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To: J.T. who wrote (20806)	10/7/1998 2:25:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

JT-- After MOT earnings and Walmart announcement I added on big positions of CCI group and SNE LU MOT TXN ASND-- the market had opened higher and I was expecting it to take out the 1018 resistance, but I saw nearly every thing under pressure towards the end ofcourse so were my positions intiated at 1008--as Composite retested the 1512 support a near 14 point from 1498 the previous lows I was temted to buy the spread but was sleepy and decided to look for direction from Japan if Japan would brreak 13000 second time I would think the bear party would have started without 1498 no party should have been planned and any party planned would be prematurely ended we need the for direction of this market a move above 1570 on composite to move up to 1085 area or 850 move would require a break of old lows and move to lows of Oct 97 levels on composite, in my opinion I would think that move is loking more to upside than downside even with that 994 close or 1511 close on composite may be we have seen the worst possible trap of this particular bear trap-- I am sure many would have been caught badly due to rampant one sided pessimism of 'charaters who have nothing but some bandwidth to loose'. I hope my CSCO MSFT and recently initiated positions will help me with this run today after Japan-- time for big movements which I had been predicting for over a week as profit season is on us, MOT has laid the foundation work for better than eexpected earnings and unwinding of sure profits long bond trades is in offing we may see a big move in DOW and Composite and bonds moving upto 5.15-20% yields-- the consistency pays, the hit and trial method of predicting markets never works will never work- the darama will probably unfold what I termed day before yesterday as an explosive move where lot of shorts will be trapped== MOT 1 cent turned out to be MOT 7, so was same store sales in Walmarts, forward loking statements were another present to the market, but smart as they are they closed it lower towards the end asking japan to put up or shut up the Japanese on back of Europe have given a great cue with earnings beating expectations I would like NDX.X to be favourite mover ofcourse my target on composite remains 1755- and 1085-- this time may be the greased and the coiled bhumbo will have enough strength to move up with ferocity which is the hall mark of my 'favourite proprietry product' and death knell for my long time adversities-- it is deadly and I can see it coming-- bhumbo is the only product which opens up the squeezes--'the bond squeeze and the Japanese short squeeze' wait for 133 break out on bonds we will go much much lower if 133 is taken out on two closing basis..Where are the earning disappointments and where is deflation still the two unanswered questions remain enigma for my bhumbo targets--

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