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To: IQBAL LATIF who wrote (29051)	9/28/1999 2:08:00 PM
From: IQBAL LATIF	Respond to of 50167

My next long put trade would be below this low of NDX--- quote.com or 2350 break more specifically if DOT refuses to budge below 610 and SOX 510...

To: IQBAL LATIF who wrote (29051)	9/28/1999 3:37:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I look back at my trading today and can only say that levels I worked on and the way I handled today's what appeared to be a breaking market could not have been better... I established since morning two levels on SPZ one was 1288 on which the opening false rebound came and second was 1268 area the second time SPZ rebounded exactly from that point, as I called early in the session that we are bound in the lower range but all now depends on the close of this session a close above that 1290 area will be construed as a good close to otherwise a very volatile session.. I am now watching 2400 as a support on NDX and that 2392 becomes my trigger, it is important to play the short side but equally important to get out of the short positions the premiums paid on these puts go wild in a bad day like today and one needs to book as much profit as possible , scratch the best out of the trades.. that is waht we do ,, look for point establish it nice and clear, go for our trades and close them as the points get hit, simple and nice but better for day traders like us this is the strategy on which one needs to work..