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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (25187)4/12/1999 10:01:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
When the bears started premature celeberations I wrote....''I think prices quoted on the GLOBEX market right now will improve as the day
progresses, from present levels SPM may test perfectly 1322 area, however
probably a weaker opening a rebound to 1342 if 2200 on NDX is held and BKX
stays firm up as result of Friday's new buy rating. I will look for first opportunity to
lift my 1270 long puts if BKX RUT NDX hold supports like 900 398 and 2200,
until 2210 is taken out I will maintain my 1270's, if we close below 2195 I will like
to see 2155 and that would translate into some more selling below 1322, it may
hearld a move to 1302 level.

Floor is long of the opening at 1340, we have already made 1346, will take these guys to cleaners, at unchange we come out, BKX stayed solid at 900, RUT 401.70 holding well. If selling will come look at BKX and RUT..If support like 898 is taken out or NDX 2165 on NDX short the darn thing.
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