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

To: tracor who wrote (29505)	10/29/1999 4:23:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Two things have been key factors in making 'Idea' a 'great' gg site,first it has to be a tool of 'value addition' and second 'selectivity of information' or 'prioritising key infoirmation'. I work on Idea with a focus that I need to identify what others are missing, I am rarely carried away with major moves, like this 6.36 bond break was a major long term trend line break for bonds and since I knew global liquidity is drying I thought that I need to go medium term short.However, I clinched on to my 'closing' criterion and raised the issue of 'false break' same with my banking index it gave away as all gains would be lost but I was reading this with my 792 support and as I saw bond retreating as well as 'bkx' inability to punch through that 792 as well as key supports on SOX DOT NDX holding well, I could not really short with a purpose, the way was up and as consumer confidence, housing, durable good orders and last ECI and GDP numbers trickled in the rally was firm and hard, on all these numbers my views were economy is slowing and when stream of numbers confirm it one can find that market direction is the best direction to follow..This insight and ability is growing as I keep this thread moving along with help of my close friends who are kind enough to contribute and make it a good site..I don't try to impose my strong bullish views on the market rather explaination and highlights of key points reversals is my objective. Posts like the following makes my day too... gggg.. re capping posts and continuity of read is the basic litmus test of any one who contributes, I have learnt to write and story that adds up, even from day of inception of this thread and that what matters to me, I need a story that should add and should have sign posts where a major deviation is required, like ECI bad number could have been a major change in direction however the numbers before that were pointing to a direction which could have been subdued like the number we had, this is a fluid market so we cannot have fixed script but calling a market on daily basis and making sense out of it is the test, I submit myself to that evey week, if I fail I am depressed if I pass and see that key points I was focussed I know that I am on the way to become a better trader. <Dear Iqbal, I have done really well in the market in the last month even though I only played the long side and only traded stocks. I love your style and I have learned more from you in the last 6 months then I did the previous 2 years when I was all over the place...(ggg) This time around I trusted my inner voice which was 'trained' by you over the years. Today I had my best day ever, it was just fantastic! If we were in school you would have given me straight A's.(GGG) I hope all is well with you and your family! Your words are the 'secret ingredient' to my success!!! Thank you so much, ----- Latif (ggg)>>