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To: IQBAL LATIF who wrote (29132)	10/5/1999 4:08:00 PM
From: Luce Wildebeest	Respond to of 50167

What 'correction' is this guy talking about? I suppose he's trying his best to paint a rosey picture of the turmoil ahead. But the bias does not mean the Fed will raise rates in November either, said Alfred Goldman, technical analyst at A.G. Edwards & Sons in St. Louis. ``This is a buying opportunity. The market is oversold, we've had a 5 month correction. We will now focus in earnings and value created because of the correction.'

To: IQBAL LATIF who wrote (29132)	10/5/1999 4:10:00 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 50167

IKE: thanks much for your timely response; I was able to use the SOX DOT NDX levels well, when they came back up above 545 662 2468(well, I cheated on the NDX, because the other two were coming back so strong <gggg>. Your trading levels are invaluable. It does appear that the short term market reaction to reiteration of tightening bias was subdued, and the day's end reversal may reflect the positive earnings expectations you have spoken of. I thought the Fed announcement language "...adopted a directive that was biased toward a possible firming o policy going forward. Committee members EMPHASIZED that such a directive did not signify a COMMITTMENT to near-term action...", was waffling. Do you read this to mean that is is unlikely they would raise rates before the end of this year? Regards, James

To: IQBAL LATIF who wrote (29132)	10/6/1999 3:01:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Market Call: Microsoft Mark Seleznov Oct 5 1999 Microsoft NASDAQ:MSFT Technology \| Quote \| News \| Research On the charts in this column everyday is the Momentum indicator. Some call it the Rate of Change indicator. Definition: The Momentum indicator or Rate of Change indicator is a popular study available in most analytical charting programs. The use of the indicator can vary from trader to trader. Most use it as a trend following indicator; while others use it as an oscillator to help pinpoint possible overbought and over sold conditions. The indicator measures the rate of change in price as opposed to price itself. It is calculated by subtracting the price of x periods ago from the price now. This indicator can also be referred to as rate-of-change (ROC). As with most indicators and studies, it can be used on various time frames. The same calculation is used for 5 minute, 15 minute, 60 minute or daily price bars. We use it here with 60-minute bars. To reduce the choppiness of the indicator, I prefer a longer period. I then apply a Moving average of the indicator to further smooth this very volatile indicator when using with short time periods. The chart below reflects the smoothed 5 period exponential moving average derived from a 22 period Momentum indicator on 60-minute bars. Interpretation: The conventional interpretation is to use momentum as a trend-following indicator. This means that when the indicator peaks and begins to descend, it can be considered a sell signal. The opposite conditions can be interpreted when the indicator bottoms out and begins to rise. If momentum reaches very high or low values relative to its range historically, a continuation of the current trend is likely, and a change might not be considered until the actual price begins to dip down or rise, respectively. As with all technical indicators, it is often useful to verify the signals you are interpreting with other indicators Let's look at Microsoft Corporation (NASDAQ: MSFT) >From the chart below, you can see how MSFT stock moves in relationship to the Momentum indicator. Each time Momentum indicator changes at a plus reading, the stock runs out of Momentum and turns down. Each time the downward Momentum stops and the indicator turns up, the stock rallies. I like to combine the Momentum indicator with some of my other favorite indicators like MACD and Moving Average Crossovers. You can see from the chart below that these indicators are also gave a Buy signal today. I would Buy MSFT on any positive movement in the morning. I would place my stop at 91.

To: IQBAL LATIF who wrote (29132)	10/6/1999 3:18:00 AM
From: IQBAL LATIF	Respond to of 50167

To whom it may concern..Ot Books for trading are not my forte, I have learnt that it is not about few charts or few trend lines, it is all about basic understanding of the dynamics of the market and realistic evaluation of the global events, I do order different kind of books for me managing risk and understanding risk is the name of the game..look at my this week one of the orders (I therefore like internets although I converted late)..FOR ME THESE FUNDAMENTAL BOOKS MAKE ME UNDERSTAND WHAT IS A VERY DIFFICULT MARKET...the concept of risk is the core issue and I try to minimise it in my daily trading activity, i use the instruments available with best of my knowledge and try to increae it by keeping a close eye on these developments...one book I have just ordered is.. amazon.com Your order reads as follows:E-mail address: Tel: ------------------------------------------------------------ 1 "Risk Management and Financial Derivatives : A Guide to theMathematics" Satyajit Das(Editor); Hardcover; @ $49.00 each (Usually ships in 24 hours) 1 "The Century" Peter Jennings, Todd Brewster; Hardcover; @ $42.00 each (Usually ships in 24 hours) 1 "Managing Credit Risk : The Next Great Financial Challenge (Wiley Frontiers in Finance)" John B. Caouette, et al; Hardcover; @ $55.97 each (Usually ships in 24 hours) 1 "Dynamic Hedging : Managing Vanilla and Exotic Options (Wiley Finance Editions)" Nassim Taleb; Hardcover; @ $55.97 each (Usually ships in 24 hours) 1 "Derivatives Handbook : Risk Management and Control (Wiley Series in Financial Engineering)" Schwartz. Robert J.(Editor), et al; Hardcover; @ $55.97 each (Usually ships in 24 hours) 1 "Options, Futures, and Exotic Derivatives : Theory, Application and Practice (Wiley Frontiers in Finance)" E. Briys(Editor); Hardcover; @ $48.97 each (Usually ships in 24 hours) 1 "Beyond Value at Risk : The New Science of Risk Management (Wiley Series in Financial Engineering)" Kevin Dowd; Hardcover; @ $84.56 each (Usually ships in 24 hours) 1 "Derivatives : The Theory and Practice of Financial Engineering (Wiley Frontiers in Finance Series)" Paul Wilmott; Hardcover; @ $55.97 each (Usually ships in 24 hours) 1 "Customized Derivatives : A Step-By-Step Guide to Using Exotic Options, Swaps, and Other Customized Derivatives" K. Ravindran; Hardcover; @ $49.00 each (Usually ships in 24 hours) 1 "Value at Risk : A New Benchmark for Measuring Derivatives Risk" Philippe Jorion; Hardcover; @ $45.50 each (Usually ships in 24 hours) 1 "Millennium Year by Year"Hardcover; @ $20.97 each (Usually ships in 24 hours) Will ship via: Item(s) Subtotal: $563.88 Shipping & Handling: 25.45 ------- Subtotal: $589.33 Tax: 0.00 ------- TOTAL DUE: $589.33

To: IQBAL LATIF who wrote (29132)	10/8/1999 9:04:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Job growth screeches to halt... ....a mix report rising wages associated with diminishing job growth, now rising wages may lead the job growth by two months.. Gains would have been 50,000 without storm By Rex Nutting, CBS MarketWatch Last Update: 8:30 AM ET Oct 8, 1999 Bond Report WASHINGTON (CBS.MW) -- Job growth weakened sharply in September, the Labor Department reported Friday, saying 8,000 jobs were lost during the month. Average hourly pay rose 0.5 percent to $13.37, bring the annual increase to 3.5 percent. Today on CBS MarketWatch Sept. job growth halts Weak sales to hurt Xerox September data shows loss of 8,000 jobs U.S. retailers see modest growth General Electric beats Street targets More top stories... CBS MarketWatch Columns Updated: 10/8/99 8:50:20 AM ET The decline in jobs should cheer nervous stock and bond markets, which are fretting that the Federal Reserve will boost interest rates one more time in November to counter a strong economy. The big jump in wages will temper the markets' enthusiasm, however. Hurricane Floyd cut about 58,000 jobs, the department estimated. "But employment growth was weak even in those areas and industries largely unaffected by the hurricane," said Katharine G. Abraham, commissioner of the Bureau of Labor Statistics. The unemployment rate was steady at 4.2 percent. The average workweek dipped six minutes to 34.4 hours. A group of economists polled by CBS.MarketWatch.com was looking for gains of 221,000 in nonfarm payrolls, an unemployment rate of 4.2 percent and a rise of 0.3 percent in hourly wages. See Economic Forecast. The department also revised August's job growth lower to 103,000 from the previous estimate of 124,000. July's gains were revised higher to 373,000 from 338,000. The weakness in payroll growth was widespread. Service-producing industries lost 9,000 jobs, the first decline since March 1993. The department said the hurricane probably cost about 45,000 jobs, so without the hurricane, about 36,000 jobs would have been created, a far cry from the 210,000 average over the past year. Manufacturing continued to lose jobs, shedding 21,000 workers. The manufacturing workweek was steady at 41.8 hours and 4.7 hours of overtime. Construction added 21,000 workers.