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To: IQBAL LATIF who wrote (29048)	9/28/1999 10:49:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

We opened lower tested a little below that 1387 lost the selling momentum and 2400 held very well I think we bounced at 2397.. so right now my new levels to watch are 2390 on NDX at break of this one can establish some short positions, we played a small short on the opening established at 21$ we were able to get out at 22 scraping a $ only, I think 1287 remains the support for the day, only a decisive break below this will take us to test 1282 a break of this can lead to 1365-7 , however as I have explained I don't expect that we are going to see momentum building up on sell side I would need 2390 out and DOT 618 now, we have seen this successful test closing of gap of Friday close and Monday opening I would think that only above 1310 is a long trade, 1300 break would be a positive signal for the market and most probably internets will lead further the \NDX to attack 2450 resistance...

To: IQBAL LATIF who wrote (29048)	9/28/1999 3:53:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

As I started my trading after a rest of few days I opened the account with a bang- very typical of long standing tradition of this thread to identify a break establish pisitions and identify the bottom inter day, now even I don't know that how on earth at 9.09 I thought that 1367 can be tested.. but most important is the relevance of my other indexes and supports taken out.. these two posts shall remain few of my classic posts on this thread for inter day trading.. you just can't time any better or find reasons to short or long.. thanks a million to this thread where we are able to trade and think and devise strategy that what it all boils down, this success is all due to you the readers who have been reading this and aprrecialting this all along... <<Tuesday, Sep 28 1999 9:09AM ET Reply # of 29055 A gap on SPZ will most probably be closed as we open today, we are most likely to test the 1288 support, in my opinion I will take my cue from NDX a break of 2400 would lead me to go short the market any time today however I will look at more evidence like SOX 512 and DOT 624 support, in case these supports are giving away I would advice another test of that 1367 is perfectly possible, overall I see that we are on the lower range of the market and in my opinion any selling ot that support 1267 area is just that little long side opportunity.>> Tuesday, Sep 28 1999 1:48PM ET Reply # of 29056 <<I am looking at this 1364 on NDX on break off 1390 i established new positions third time today, 1260's long puts on SPZ options i am looking to cover them here for me 2364 is higher htan the NDX low made on 30th Aug, we are definitely seeing DOW breaking and test of 10000 and 9800 area looks on cards but NDX DOT SOX are holding fine at 2360 area, 610 and 510 on SOX, for me my core holdings are not impacted by DOW but by NDX so if that is holding instead of getting trapped I would now get out take my profits and wait for this thing to break the Friday's NDX low. or DOT 592, the amount of premium paid on these puts justifies a careful entry and exit as we trade, for me a profitable trade is the one you get in right and get out right with some change in your hand..keep watching for that 2340 600 500 on NDX DOT SOX these breaks will definitely give that new round of selling indication... The market is selling on Gold and is preparing a rate hike in its core..>>