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To: IQBAL LATIF who wrote (29453)	10/25/1999 12:21:00 PM
From: the options strategist	Respond to of 50167

Thank YOU IQ.

To: IQBAL LATIF who wrote (29453)	10/25/1999 12:47:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Hi Ike AIR CONFIRMED<vbg>>>> I looked at my P&F chart on the TYX...today it broke out to new highs...the chart formation is called a bullish catapult...meaning it's going higher from here..imo...negative for the markets and bonds... i can't for the life of me see anything positive on the near term horizon...we should test 10K and break it this time...heading to 9700 area first.. with the Empl# & GDP on thurs, and AG speaking AGAIN thurs nite...lookout...i'm very cautious here... as i read into your posts, so are you... my regards...OJ...

To: IQBAL LATIF who wrote (29453)	10/26/1999 5:18:00 AM
From: IQBAL LATIF	Respond to of 50167

Week ahead: Earnings season tapers off By Marius Meland and Nicole Koffey For momentum investors, the end of October is a favorite time of the year. Oblivious to the onset of fall, the stock market typically enters a period of rejuvenation and refreshed optimism around this time of the year. Puzzling though it may seem, the market is undeniably seasonal. For some reason, early-summer rallies are typically followed by late-summer slumps. Around mid- October the market tends to pick up steam again, culminating with the celebrated "January effect" that often begins as early as in December. This year, however, may be different, as the dark clouds cast over the horizon stubbornly refuse to dispel because of worries about Y2K. Add to that the market's worries about interest rates, the earthquake in Taiwan and currency fluctuations, and it's no wonder few strategists dare hope for a typical recovery this fall. Earnings watch A dozen or so first-tier technology companies are finishing off the busiest part of the earnings season this week. Already AT&T (nyse: T) and several other Dow components have reported this morning, and the rest of the week brings results from: Compaq (nyse: CPQ), Scientific Atlanta (nyse: SFA), eBay (nasdaq: EBAY), Lucent (nyse: LU), Amazon.com (nasdaq: AMZN), Network Solutions (nasdaq: NSOL). With the third-quarter earnings season winding down, Wall Street is now eyeing the fourth quarter, seen as a wildcard. So far, analysts aren't quite sure what to make of the next quarter. The earthquake in Taiwan, which could affect the whole computer industry, took place too late in the third quarter to have any real impact on earnings. The dollar's wild swings also haven't been accounted for yet. Then, of course, there's Y2K, the biggest unknown factor in analysts' earnings projections. What's more, earnings pre-announcements have been a mixed bag. On the negative side, IBM (nyse: IBM) warned Y2K could slow growth in the fourth quarter. On the positive side, Microsoft's (nasdaq: MSFT) chief financial officer hinted that earnings estimates for the fourth calendar quarter were too low. Overall, analysts are forecasting earnings growth of 19.5% in the fourth quarter, a robust figure, though slightly down from an estimated 21% in the third quarter. But with so much uncertainty on the horizon, the millennium's last earnings season is still anyone's guess. Economy watch For Fed watchers, the real action starts on Thursday this week. That's when the Department of Commerce is slated to release the advance estimate for the gross domestic product in the third quarter. Around the same time, the employment cost index for the third quarter is also released. There's a lot of uncertainty surrounding the GDP for the third quarter because other economic reports for the period have been inconclusive. Still, most economists have upgraded their forecasts because of strong employment data. For example, Lehman Bros. economist Stephen Slifer raised his forecast to 5.0% from 4.3% on Friday. If the GDP figure comes in strong, the Fed will doubtless have an incentive to raise interest rates again next month. Fed chief Alan Greenspan probably won't be able to stomach growth much above the 3.5% trend line, most economists think. The cost employment index (CEE), often cited as one of Greenspan's most closely watched economic reports, could also shake up the market if the index increase exceeds the market's expectation of 0.9%.

To: IQBAL LATIF who wrote (29453)	10/26/1999 10:40:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Rumors in the market that a major borkerage house has been caught on proprietry trading of gold will keep me cautious, unconfirmed rumours suggest that although some of this major brokerage house clients are in deep losses, this brokerage house which was recently floated has a reputation of huge proprietry trading, thye were borrowing gold cheap and selling options making good money anticipating that gold will hit 200 $,, like LTCM the market has caught them wrong footed, these huge liquidation of bonds and jittery markets are indicative of some trouble I think that 2490 break for me is a definite defense alongwith BKX 792, this support yesterday held beautifully we touched and were up, keep watching key brokerage houses shares if they start selling you know that BKX will not hold..I have always tried my level best of give you news the moment i hear them without my bias, however I will like always wait for market to show me the direction... so far 1330 and 1241 are the outer points of the range within this huge range I define the finer move with my other indexes and I will like to keep watch on my BKX.. PSE NDX THer inclusion of MSFT INTC Home Depot in DOW is going to make DOW very representative of US economy..good fun now we will see normal 300 point swings easy and we need to redefine our lack of interest in DOW, I have traditionally ignored DOW for its unrepresentative character now it is going to be a more active part of my pse ndx sox bkx comp inter relationship..