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

To: Riskmgmt who wrote (30228)	12/26/1999 1:51:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<<I hate to interrupt the fighting to post something constructive that may put money in our pockets but lets say, it's just a character flaw. <ggg>>> Thank you every one for excellent holiday messages. After extensive partying and having a good time, I am back on my thread and plan to answer most of the posts, over the weekend it was not a 'train crash' it was just on those blips that hit this very successful site once every two or three months. It is never a ?fighting? on my thread, it is an academic discussion on the direction of the market, please go back and look at my replies to the gentleman who started the initial debate. The problem is that the moment I refer in course of my defense (as I am attacked on my crowing about which gets more compounded as posts keep trickling in on money made based on my trade direction) any of the posts where the addressees posts of the last few months have to be questioned or asked to reproduced that constitutes an arrogant and an unkind cut. This is something I don?t understand. If my request to read one?s own post is hurling insult or if my challenge to have a discussion on side by side post comparison is arrogance, I don?t see the merit of posting on public forums. What a tragedy that these guys get hurt if you ask them read your own posts for last six months on your holidays? If that is an insult, it is mind boggling. For me I read my own posts every weekend look at closely where did I go wrong and correct my analytical process. Last time when I had discussions with Lee I requested him the same, he compared my posts to his thread but never took on the gauntlet, again this time we had a similar problem, the moment issue starts taking a turn to basis of analysis the area becomes out of bound. I never ever stoop to levels of my tormentors. I think I do it for my own good, it helps me develop as I am severely attacked over a period, I have become a better trader and I from my bottom of my heart thanks all those who have helped me to become a better trader. I like to understand why the Reference to any of their posts or suggestions like please take a copy of your past six months posts make them hit the roof, I don?t say ?shame on you? I only tell them please look at what you have been writing. The moment I say that the ?self styled defenders of the faith? get kind of jumpy and wobbly. I don?t hurl insults I only quote facts, and I don?t consider my posts where I reply these characters as unkind. In markets we all have to learn and if we have to bang our heads before we see light let it be so. This thread has not withdrawn ever from exchanges that I believe have some relevance to current levels of the markets, the debate for last four years has been where is the market heading higher or lower, we in this camp were and are proponents of different kind of strategies which are woven around market ability to go higher that is appreciation of PEG. We thought that to trade this market we need to understand the various stages of market take off and trade the support and resistance in between these stages and breakouts. Since last four years from 750 to 990 from 990 to 1130 and from 1130 to 1230 and 1230 to 1424 or 1442, we try to make money on two sides of the market that was John is highlighting in his post of today. We shunned the concept of ?breath of the market? which was eagerly adopted by many a traders, by relinquishing the concept of ?breath? at a very early stage and concentrating on winner takes it all phenomenon we happened to be on the right side of the market. In between as most recent as last few weeks we hit as low as 1342 on SPH and 1442, I just was going through my posts we caught every dip and every false test of 1428 on SPZ and 1442 on SPH. The debate and frustrations of the opposite camp who had dug their heels deep in the quagmire by concentrating on narrow nature of rally got it terribly wrong, now something that constitutes a major toll of my market direction analysis cannot be left at the mercy of fly by night disco traders,(gg) especially those whose record is suspect. Now for me it nothing personal. Discussion on the issues are never going to end or stop I will continue to highlight what I feel is important discrepancies in models which have over reliance on TA. I have repeatedly asserted it has to be first fundamental reasoning like true evaluation of Far eastern Asian Crisis, the repercussions Clinton- Monica affair, the foresight to see impact of LTCM, the reason of bond prices at 135 and when they broke on 8th Oct going long on seeing bonds breaking, these are some if not all the market strategy of this thread on daily basis. I take greatest of pride and sense of achievement on what I have learnt over period of time from this thread but I cannot sacrifice my bread and butter on whims of those who openly declare we don?t understand futures we don?t trade indexes but we are masters of market direction analysis. Those who have do it have lost home twice but the onus on our camp is to make people understand that to read markets you don?t have to understand the futures or trade the indexes, you got to know them at your finger tips so as to fine tune your exit and entry points. Look at the most recent 1442 break on the upside I wrote the money we have a double close above 1442 this is since last three months we will stop at 1475 next day, after the two closes SPH printed 1478. Now if you don?t know what futures are telling you and your whole analysis is dependent on faulty short term TA and you thing you know it all, I would say that is biggest insult to a trader sense of integrity, that is a wrong lesson to someone who wants to make market his bread and butter. If I stand accused by my tormentors of the opposite camp on that count I accept it gladly that I will be champion of the cause of ?NDX winner takes it all phenomenon?, the impact of ?SPH? the most speculative and liquid market of the world and indexes on life of ordinary investor. Without knowing these tools one cannot grow, I started 24 years ago modestly, markets are my passion and I like to teach the ugly and the nice side of this saga whatever it will take. The thread will survive all that thrown in its way, if it will attract attention that is not least of my worry. Concluding if my beauty competition or rating or book-marking suffers that has never been the reason I am here. It all goes down to the fight for the bottom line and not the book-marks, the support I get is for what I do, that i plan to continue, for me this is my life and this my main bread and butter, if I don?t do well here I cannot support my style of living. You know it well what are the consequences of being on the wrong side of the market, for last four year we have done it the right way and that is the purpose to decimate knowledge and make every one swim with the sharks. Of-course these great discussions what appears on surface a circus are important rejuvenation of our killing instincts which unfortunately I think we need to posses in the market. However outside market discussions, any day any of these guys will be my greatest of friends. Simple as that. Here we assume certain sense of purpose as we post of our trade or Idea, good enough for our own money, if that standard gets compromised or if we fail to have a meaningful discussion on what we posted so far the entire exercise gets futile. we see gullible people hurting themselves in the process.. So in the end with a little smile I can say never ever interrupt the fighting, let it go on. That is the most constructive and academic part of my thread. gggggggggggggg I have to be little genrous with my gggggg's and little careful with my GGG?s, although it is an acknowledged symbol even by strictest of disciplinarian and martial law administrators of the threads,that anything in gggs is pased on as humor but for me my humor before gg should not be serious and offensive my ggg or insults prone humor, a kind of strange double edged justice. Anyway as maverick and unique poster I take this in stride.