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Politics : Idea Of The Day

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To: Jerry Olson who wrote (25830)	4/29/1999 8:28:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

A weaker opening around 1350 say 1347-1352 area will be area where pits were looking to go long they had this in mind since yesterday morning, I would working on 45 minutes rule if BKX RUT and DOT stays around 925 431 and 645-650 will go long for a trade to 1362 area. If DOT breaks 645 it would go as low as 625 and may put some pressure on SPM to 1338, I expect these areas to hold and would recommend a long trade at your convinience, I plan to get out of my 820 's naked and add to AMZN if I see that particular atock at 182 -185 area, I will cut my positions below 1335... I am particularly liking ATHM which has been recommended very strognly by ARENA a letter I read and admire.. I think we will see a volatile day and I would imagine that it is possible that this time pits long may not work but we will only get long if our core indexes highlighted are green otherwise we short below 918 and 425 on BKX and RUT...once these indexes give way we will see pits getting outof longs..

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