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

To: IQBAL LATIF who wrote (30357)	1/5/2000 7:38:00 PM
From: IQBAL LATIF	Read Replies (6) \| Respond to of 50167

<<ndx pierced 20 day at 3400..sph long at 1404 to 1418,,3500 is resistance, we may test 3500 fail and come back to test 3371.. Message #30357 from IQBAL LATIF at Jan 5 2000 10:20AM>> All the above were tested to the perfection and this post was at the time when we were at NDX still below 3400 I predicted 3500 1404 and a long to 1418 all these levels were hit.. failure from 3525 (3500) close is the odd one out ... Now a word before I retire on my strategy, my style, my objectives and my personality trait.. like every intelligent person I have my own limitations within which I play on this thread..a word on that since I have been asked specifically today..'on this market genius with a ??' instead of PM why not open discussion? Every day since this volatility has come into play I am posting my levels and trying to highlight the way I play my cards as the premiums on my out of monies calls get hit.. With plays from 3685 NDX break to NDX 3560 last night close and than from unchanged today to 1394 SPH as we rebounded off 1387 SPH something I bought for 19$ sold out for 24$ have given me enough cushion to keep up with erosion, rather do a little better. I am accused of never admitting a loss but since yesterday close I had lost 6 $ ( I LEAVE 0'S TO YOUR IMAGINATION)in eroded premium as I close today the loss was 6.25$ but the SPH account showed a decent return of 8.1$, this is the reason I always say that by keeping your parameters defined I am getting out when others are buying puts and by playing with huge number of contracts like three to four time my exposure in a fast market. Now at the moment this profit from SPH is offsetting the fall but if we hit 3700 on NDX again anytime until March this plus all the futre trades and the premiums will enhance significantly, that is the nut shell of my trading style, simple and nice nothing exotic. I am no magician the levels I give amidst absolute carnage and targets I define are the outcome of the study of the under-currents of the market. Any one can do it but look at 1382 on SPH write it in search and press the button, how many on SI highlighted this since this correction began and 3500 NDX as a target today, how many at 10.30 had this courage to write that level. I stick my neck out, I make decent run and I tell this story to my thread, people who think that is unfair should know that this is my right. I make myself know that my levels work and I will be out on 6th Jan 2000 with new style, new variations and new outlook. On this thread are buried thousand of such posts from 750 on SPH to 1487 on SPH. I have tried to stear my course with best of my ability and with bold calls, holding hands amidst carnage, trying to help people to understand the ruthless selling. Every day is a new day, I don't bask in glory for some one whose time span of glory is the next post after 8 hours on different parameters, I deserve that note to posterity and to my success. I am happy to try to make the best out of the market with a little help from self indulgence, I kind of raise that hurdle for my ownself and try to better my previous read, the problem with Byron Wein is that he can be short the market from 6000 and some have been from 97 the time I started my thread and still can say 'we told you so' about this latest correction conviniently forgetting that last time they thought market is way over-bought was the time when NDX was 950..I am writng daily I trade daily and for me my frame of approach is very very different, first to be overall positive nad bleieve in the sanctity of the market,seocnd to make some sense of it on every day basis this two together is a formidable task and needs new approaches and imaginative ways of self -encouragement to keep the circus going. My limitations have to be also considered before a quick judgement and condemnation. From 750 to 1480 to have a bull frame of mind needs some --lls and courage, on those two counts I have shown my presence. On this latest correction and its implications the jury will only decide once we find what are outer limits and how much of this correction I can catch on daily basis.. I know that the 'eyes' following me will put me to tightest of criticism and scrutiny if I fail but I also know that this thread of mine which is quite deserted needs that one challenge and that is from 'Ike to Ike'. For my mind to perform like everyone else, I need to compete with the best, for me no one on SI gives levels like I do every day, and therefore the only one to compare my notes to my ownself and than re-establish new boundaries is my wager for my own performance. Now the thread helps me a lot, the time gets registered and the trades get written and designed, that inturns producs magic for me, I know that as my friends always highligh this is may be 'greek' to some but for me this is my bread and butter. If that is too much to digest like hundreds have done ealrier just ignore and move on.( Frankly they don't do it- they still come and read and trade. I know that too but I am happy if I can help my critics) I think it is unfair to demand of me changes in style that underpins my entire trading career, that is the reason of self indulgence and this tradition has everything to do with kind of runs and predictions I try to make every day.. keep raising the obstacles and keep working hard and keep shocking ?my ownself? with awesome calls on the inner trends and dynamics of the markets which no charts show and that is what this thread is all about, nothing more nothing less.. I beg your pardon if you read my thread and you think I am self indulging person just ?put on the ignore button? but don't ask me to ?change my style?, for my trading to see absolute heights I have to keep that challenge alive and that is only Ike to Ike // Please leave me alone that is my only request, I like my trading and I take absolute pride in that, for the posts I think I back test them every day and if all this hurts please move on, leave me alone. I know exactly what I am doing!