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

To: Roebear who wrote (29728)	11/15/1999 3:45:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Thanks, I will watch this carefully in the mean time I will like to see 10867 area on DOW to be taken out on two closing basis and 1407 on SPZ, I think that one would not do that bad to lighten up on calls of Nov and Dec and get in if 1427 is taken out decisively, that is what I am planning to do.Right now until Wednesday some major earnings are coming out on semi sector and I would like to watch them closely, any way my objective on AMAT and some of the others have been achived now for that last high risk run I will do it with cheap and close out of the monies, like Dec 115 AMAT instead of 65 Nov I had...on these levels don't leave too much on the table 10867 level on one hand is a good point to break upside on the other a point of reversal too, this lagging pace of DOW with Comp and NDX is not sustyainable either DOW has to move up or NDX recedes..fwiw if we recede we will see 1372 1362 1350 and 1328 as out objectives on SPZ.. I am not planning to short rather lighting up on few very heavy money calls and looking for points to place my long puts.. one point would be 2987 on NDX to purchase some puts on SPZ . if we reach that point that may happen on a single move on DOW.. so little careful of retaining some good profits foe the year if I am thinking like this I would assume the people who have been on the right side would also plan similarly and hence some profit taking can put pressure..