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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21471)	11/17/1998 4:10:00 PM
From: IQBAL LATIF	Read Replies (3) of 50167

If we have a rate cut market moves 100 points---and test of 1155 by the pits.. two posts bang on target-- To: +IQBAL LATIF (21445 ) From: +IQBAL LATIF Monday, Nov 16 1998 5:42PM ET Reply # of 21474 As we close above 9000 a fry cry from Oct first weeks levels, I think about prospects of rate cuts- 1- If we have rate cut the market will go up 100 points and set back to 8700 levels for new players to come in, I doubt we see old highs on DOW being even cheked or attacked, RUT will swiftly move on to 435 within five days of cut and composite will take out 1900 to 1940- NDX will cross 1500--after a rate cut as DOW settles to 8700-- buy the rumor sell the news and new hands take the charge as profit takes move out we will see 9300 taken out within three weeks and we test 10000 as we settle below 9500 to end the year at 9400-9700.. P.S..NDX tested 1500 AND WE also saw 9100 on DOW or change lets see if we get this correction and move higher part right... message from IQBAL LATIF on Nov 17 1998 3:21PM EST 1506 on NDX the market rallying and big money jumping in- as you see gaps within the index clear indication of huge orders these gpas need to fill but don't stand in front of these markets -- go short only if 1485 is taken out-- thsi is very explosive out here 1500 800 on BKX a possible above 9000 on DOW- SOX heading towards 300- RUT raising from slumber- the gap between 20 days and market rocket is widening which I don't like but such is the thirst of funds...this is not simple pits manipulation they wanted to short at 1155 area-- lets see how much of their power is good to tame this market..

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