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

To: IQBAL LATIF who wrote (29170)	10/8/1999 3:51:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

A re cap of my posts today.... <<Message #29170 from IQBAL LATIF at Oct 8 1999 9:13AM The positives in the report like stemming of the job growth is what marekt is going to concnetrate on, we may see some selling but 1326 area plus minus four should hold,>> The marekt was down but we got to the core of the report and came out with the observation that selling may come but 1326 plus minu four should hold that 1321.4 held very well, so that came out on the dot... Next was .. <<THAT I will like to trade the possibility of a SPZ move between 1328 and 1318.. below 1318 the next point is 1308.. on the up 1342 break in my opinion is doable today AND if we close above that I will think the next target is 1355..DOT 730 is now a point to look at so is SOX 530 for this move to materialise..like BKX 782..>> 1342 is doable so was 1328 break and a possible test of 1318 we nevedr got their but a bounce of 1321 was simply great.. Next was Susan Slaine asked me my supports, now I came to NDX 2500,... <<Friday, Oct 8 1999 11:35AM ET Reply # of 29179 2500 on NDX my support give and take few points if this is broken I will be concerned.. SPZ 1318 support should hold and 1342 remains the first resistance.. SOX weakness cannot be overlooked I would like this to close above 518 area, but it has all the ability to pull NDX down and we see that we can see some good volatility..>> What a volatility we broke that NDX 2500, went to 2484 with 1318 on SPZ intact, bounced off that was just that noise and that volatility I referred too in the morning post, we were back up and possible got that right that marekt is concentrating on that 'core' job arrest, now for all practical purposes I am happy to re cap this day today, another great day another link in long standing tradition of Idea to call the markets right every day in and out, and ofcourse it is now a routine...Markets are all about true interpretation of macro-economic numbers, realistic evaluation of global events and impacts on market and last but not least understanding the basis of knowledge based economy, I was one of those proponents of theory that Oil above 24$ is not sustainable and we are done with the commodity era but instead of falling prices a little rice in commodities give that additional buying power in the hands of US corporate global consumers, so don't get worried with these slight spikes it is the falling prices that will destroy the world rising prices where they are contained and above zero inflation it is the best combo for fixed income corporate treasury bills and equity markets, for what I know nothing so far is suggestive of any tangent movement, Ralph accompora will soon see some night vison and like 19th of Oct will go long but in the mean time like Tom Kurlack who has become a history in MER, no one wants to talk about him and know him, at 30$ INTC was a sell by MER under Kurlack today INTC at 75 is a buy under the new gaurds who sound to me like offsprings of Goldman's sach Abbey Cohen... I hope one of these days these analysts will trade in and out every day and try to make money with the sharks.. Warren Buffet if even he does not embraces the model of the new economy and its far reaching impact will have difficulty maintaining the leadership, after all if 'sweet water' could be a great business why not selling without intermediairies in cyber space can be much more a pormising business, in cyber space every month 1 million new additions on internet is osmething the old genius will have to understand..unfortunately..