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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: KHS who wrote (27381)	7/5/1999 2:14:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Sticking the neck out is the name of the game, I would say a system that does not tell you that 10471 is a bottom and time to go long and if it cannot see BKX at 820 support trying to head up or DOT below 500 turning around and IIX breaking through the 312 to come back up, if all this is 'Greek' for a system, I know it is nothing but share crap, it was the same on 28th Oct 97 on 8th Oct 98, whenever most opportune moments have come I have seen these fortune tellers on the wrong side of divide... <<Do you think in 5 years we will have analyst functioning in the way they do today? How will the tools of the communication revolution impact their role?>> I think in few years we will have markets controlled by people who will make two plus two equal four kind of analysis, like we do here on Idea every day. I keep plugging my levels every day like from 930 to 1130 and now 1400 or 1410 and exotic stuff like 820 support on BKX and roaring rocketing of DOT once 600 is out on SI search, on all count I have yet to find a site where the way I use levels are used in synergy. For me my experiment is unique and has done wonders for me it is beginning of a 'distanceless world'. I do take a lot of credit for only one reasons a lot of 'daggers' come out when things get kind of slow, I would think we will see a lot more Ike's from third world areas who will lock horns with the smartest on WALL STREET AND WIN EVERY DAY as future communications develop and people learn trading like they do cycling or swimming, for me it is in you, everyone is trader it is just lost we need to rediscover it... I would say find the trader in you and see how things unfold.. IT MAY BE ON THE LONG SIDE OR SHORT SIDE. Market reading is fun and have million definitions, as I always say ''greed fear and love of money'' cannot be charted, it has to be analysis and synthesis of situations for long term benfits on both sides of the markets. The best way is to know the news and interpret the news and apply them to your trend lines and your supports. Show mwe a person who tells you he can forecast market direction without interpretation of news, I will show you someone who is a fool and would have rarely ever beaten S&P over five years. Market forecasting in my opinion is a very simple job and I try my best to keep it simple learning and urge to know more is what our future ability depends on. In future I see this pattern to be well established, knowing beyond what is apparent, as people learn that ''keeping it simple'' and breaking from the 'ranks' and not 'joining the herd' are exemplary qualities of a good trader, you will see that KISS trading will become a way of life, as I have laways highlighted never take a bet on a 20 days 50 days oe 100 days support or a bounce of 200 days those who do it get it hard on the chin. I see most of the time when marekts are down and my thread barren like a harvested field, I come and talk up the market, I give my levels and we consequently dance up to those levels, I feel for me it is written all over like frozen music. It is something I analyse with great simplicity and ease, I see the future of the market in the hands of millions who will trade these markets exceptionally well, like Idea is food of thought for the best on Wall Street in few years many will come to threads like Ideas, people who will simply be great traders and will be 'chivalrous'.. I HAVE NOW MOVED MY TRAILING STOP PROFIT TO 627 ON DOT IIX 315 AND 1362 ON SPU, I GET A BREAK BELOW IT I AM OUT, THE CALLS BOUGHT FOR 8 TRADING AT 35$ DO NOT DESERVE EROSION...