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Politics : Idea Of The Day
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To: steve susko who wrote (21091)10/28/1998 2:35:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
My post of yesterday-- poetic justice
'when the shorts go long be careful when they are short long the market'.. I was asked privately about few perpetual making longish views on the market I wish I can post that letter, I told the guy if they say so short the market, that exactly he did.. I think it is very much within normal range 1680 support is a good support for me and 1715 a level if the market takes out will see 1055 and 1680 alongwith 8300 on DOW-- I think I would be looking at these levels with academic interest, I have been lucky to pick up what I wanted at the bootm, I wait for these ocassions I call them annual sales of the stocks now are gthe times to dabble with indexes, I am lloking at BKX and others to see if 690 is taken out I play the lower support until 650-- I think it is not abou sophistication it is about making decsions based on facts and not fiction, for me I look back pre 7th Oct and look at the posts to learn the most, also likewise I go back pre 28Oct to llok at my posts, I think the best way to learn is what were we doing when opportunity came our way, charts are deceptive and they are most deceptive at the bottom if charts would made money many a chartists would Warren Buffet that does not happen it is events which drive the market and picking ideas and weaving a story of terror around it just does not work- it will never, one needs to have a very independent opinion on the markets..
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