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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (24322)	3/16/1999 2:13:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

NDX has a support at 2015 now and I will think that probably this will hold.. I will like to think that 10,000 will surprise many sitting on side lines, I would not do what majority would do I will wait and see that 300-500 point move before selling..I have this 1290 support on the March contract and 1301 on June to look at as far as these supports are maintained we go higher. The breakout from here is quite interesting but very convincing in terms of momentum and support.. I will like to use selling out of money long calls on NDX if 2015 is broken alongwith long calls on BKX ( both will hedge my long exposure)to buy SPH put options for April, the only surprise would be some big announcements I am looking at that front carefully. Nice to see AOL and others moving up nicely lets see if Yahoo hits 200 before expiry.

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