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

To: J R KARY who wrote (27947)	8/4/1999 9:11:00 AM
From: IQBAL LATIF	Respond to of 50167

I think 2211 prediction coming true was no big deal what was astonishing was the close of SPU at 1328.. I predicted that 2211 and 1328 will be happening at the same time. I think these are very important and significant predictions and to do it regularly on the way up and down makes htis thread a very special thread. It is always nice to see that old pals like you patronise this thread and continue to closely watch whatever I write. I assure you that gives me a lot of reason to write and bring reasonable levels instead of ego and emotional diatrabes. Thanks I assure you that lot of these stocks will be great buys but as I wrote to beeblebrox yesterday let's get the best fill, is 480 possible on dOT that is right now my main objective to identify. Picking the bottom is the other objective identifying a fall is half target, it is the mix of two that beocmes and turns into lethal returns. Meanwhile as the direction remains unsure I will trade like I am doing right now. Most of the investors are passive they would like to see their holdings multiply. On days when markets are going through pain they would hate to do anything rather wishfully think that their erosion may be limited. However eroding values or premiums can only be helped by index trading in higher volatility days. It is difficult but in higher VOLATILITY I am trying to popularise the 'idea' of core holding and active trading of indexes as part and parcel of any trader menu of options and arsenal. You got to take the opportunities on downside you cannot overnight become a bear or a short, you got to take advantage of slide and momentum and play the break. Market slides provide more volatility hence ensure far better returns as premiums get reaaly solidly marked up.. If you trade without second guessing yourself more often than not you will see that targets are reached, I follow pits 8 out of ten times they are on the right track, supports like 50 days average are bouncing points and very often this point has been proven. Any chart that has turned bearish and includes a projection of 500 point drop without identifying dead cat bounce points is worth a garbage bag, that's what I do with all these sophisticated systems. Trading every day entails deligent apporach and being on top of the market, I think any person with normal IQ can do it. It was not enough to write that 2211 would be reached during the course of the session when we hit 1328 first time and rebounded to 1334 I still thought that until 2211 I will not be out of my puts. One could easily have seen that rebound as enough although on SPU it was a classic rebound but looking at NDX, I knew if market has come to 2228 it has to test 2211.That it did.. it is now done and dusted. a new day has dawned, I have written enought to glorify the trade and as is the tradition of my thread. I move on to the next day.. new trades new levels that is what a trader does, opportunity is every day available we just have to find it and work on it. bi bi and Thanks for your post.. I hope you know why I highlight these issues for simple reason the market levels are no big deal if you keep your eyes open you hit them more often and quite regularly. Ike