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

To: Steve Misic who wrote (27772)	7/25/1999 10:03:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Armstrong is leading and i am sititng on my balconey watching triumph of AZrmstrong over adversity, my salute to this great UZS athlete, who came out of death that is testicular cancer and made it to the world champion to lift the most coveted prize in the history of sports will be a great occsion. My congratualtions to him.. On Champ's Elysee's thousands of Texans are roaring his success, and I am right on the top in my office above Lido watching this great triumph under a blue huge umbrella, if you can watch.gg Now business... SPU the most liquid and the most volatile.. each contract is 250,000 $ and gives adequate protection. I like this much more than futures as margin of error gets widened, we have more room to play. In futures you watch every tick, puts and calls option strategy is most useful when I am looking ast these big movements, they pay well. I have noticed that in normal marekts these options do not help but in a fast market when my levels are being touched and we have movements and range of 20 points these strategies wok great, they cushion greatly your loss of premium on long calls and appear as profit when marekts comes back up. In SPU trading time is is the greatest healer, you will see your levels and the best part is the these options provide you with that luxury of time. If things go out of control and you are purchaser of these options the only amount you loose is the premium but in futures if markets goes against you every point is a 250$ hit, invariably you tend to get out when the pain is maximum. In options like 22nd dead cat bounce your premiums slightly erode but since the 1358 was tested within one session every buy was negated, for me I had written sell in strngths for bears they got it on the chin, they were long on 22nd at the dip and we failed on 1382 area reversed and hit the low, so their strategy was a false long and false test of lows. Unfortunately when the bull trend was solid up these guys never or rarely get a long signal when 1358 is written on the wall . a long appears,on 22nd all these bears posting led me to reinforce my 1358 test, like fools they were caught in the trap with their pants down, 22nd long as worst possible strategy and real indication of their models which are nowhere to nowehre. The test of 1358 was writen all over and test of 2306 below 2315 was just a trap. Toom nay willing shorts loved to buy at 22nd low but were totally devastated that when the signal is a buy these guys get a sell and when it is a sell they get buy, the 22nd July episode and 23rd bloodmath will remain for record one on the chin, I took a diametrically opposite position that of a sell, a bull here also got out winner as anyone who thinks that market after testing 1361 will not test 1358 the 50 days mA is not a TA but a charltan, that what I call these fly by nightersd, everytime you want a contarary indicator you go to them, they would rather sell humburgers than call the market. You could see that you would make a great return if you have sold on rebound at 1381 on 23rd. I try to openly challenge these guys who dispense this 50 days violation so mercilessly they were the ones who lost completely when we tested two years low or bounce of 200 days MA on NDX. Market is nevber about glorified programmes it is about simple MA's, long term supports trend lines, this I have proven I am the only one who wirtes simple supports and resistance's and I use no great tools, from 1430 to sox 330 or any leve like BKX 820 I will identify them through very simple trend linesand Supports and tradxe extensivley off them. Like my levles my record on SPU is also exemplary, only because I keep it simple, I keep my eyes opened and I don't listen to 'crooks', whose programme based calls are only understandable to God's. Now 1358 test is validated we have one close of NDX above 2300 that indicates interest in 100 top stocks and if we see a bounce off to 2320 and 2720 and close above that we will see a good buying interest otherwise we will fail at 1392 and reverse the visibility I have will take us this time if we fail much lower to 1280 where 200 days MA lies..So for me it is completely a trtading oportunity and I will make my calls like that.Options on SPU would be my best trading tools. liquid and volatile in combo they give you ut decisively or oversold conditions exists. Great returns but underlying programmes should be very nimble, nothing like this exists that a buy programmes appears and beat the helll out of longs, you buy when your resitances is As a strategy for protecting your portfolio these options are great tool, one can utilise them as hedge. Some long puts in uncertain times out of the money and in days of low voltalitiy are available cheap.. They become handy when we have these test of important supports..