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

To: S. Chiang who wrote (28315)	8/20/1999 2:28:00 PM
From: IQBAL LATIF	Respond to of 50167

My thread is based on combination of fundamental analysis for long term direction of the market, that I am positive and long. Next is my trend lines and important support points like mA's and inter relational index watch that is something I do daily and try to interpolate the directional bias into these daily watch. The third part of my reading is what is known as chipping some money on daily basis, that is something where I try to make a common ground with my previous two readings and try to play the market with what the big guys are doing, my 22 year contacts , my information available from my firends and contacts, that is purely my SPU index trading alongwith JPN and global markets or bonds, here we keep chipping somethingon daily basis. Example.. Like I am long AMAT calls that is a long term play like DEC calls are for me a play on the long side, now SOX index mimimcs the move of AMAT TXN INTC stocks where I have long call positions, on break of SOX important levels like 492 or 502 on two or one closing basis I will sell covered calls on index out of them oney like SOX 560's , if SOX goes down to 450 in a move I will try to cover the naked index calls for Sept at lows and my positions of AMAT INTC are still running, now my premiums have been dealt a blow however, I have this money that has come out of Sept naked calls on SOx which mitigates the blow. On the other hand as i get information on daily baiss what stops have to be run and what important levels have to breached so as to create fear and whipsaw I will try to straddle calls and put on SPU options, that is other tool, now when market is down I make 60-70% of my lost premiums with these strategies when we come back my long calls which are far out are back in contention. So I operate here like an expereinced hedge fund I know it is completely complex however I think I will over period of time create a good system of trading for day traders, Iam encouraging people to learn and this is my strategy, I try that people may not get whipsawed, I try to hold hands as market drops and as we go higher we try to play the long side..