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

To: Oak Tree who wrote (31458)	5/16/2000 4:20:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<<I hope you are wrong about the sell off.>> I try to develop possibilities and place my trades accordingly, market direction is something that is only an educated guess, it is exactly like tossing a dice, what one can do is to try to load it by facts and get the desired face, it is through facts we reach our bias and that is something we have to be fair about, much as I would like the market to open higher and continue higher the fact remains certain combinations can impact the market positively whereas others negatively, for someone like us we try to look at simple possibilities without too much of complicated analysis, the following post only helps me in determining possible outcomes nd what happnes ot my positions, I go into this number long and have expressed earlier in my post that my bias is towards upside but it would be inappropriate for me not to highlight the fact that if number does not come in line I can pretty well wipe out half of my premiums, I agree with you that I am looking for that rally and wishing one ..but I have learned that market knowledge the little I have accumulated has taught me one lesson never wish too much from the markets, take what market gives you..regards and the post that I think requires a rethink...it is not about sell off it is one possibility out of three and honestly we could have six different possiblities but our job here is to point out for our ownself something that meets our style of trading..thanks and best of luck on todays numbers.. <<DOT above 849.8 on two closing basis will give a positive signal..associated with 3580 on IIX we are setting up nicely for a rally if CPI is as expectations. Ideally I would like an line CPI and a .5% hike, a sell off and a huge rally, that is my road map but today we closed the gap on IIX... that I expected to do after CPI and hike however I would like a CPI on line the worst would be a higher CPI and .25% hike that will leave us to with this inaction between 3000 IIX or even 2800 where this market is a buy and 3780 where it may fail, until new set of numbers set the trend. Lets hope for confirmation of PPI and retail sales trend and also expect a stronger tightening, one thing that worries me slightly for next month data is oil prices inching up that will again push PPI for May, but I hope once bonds rally we will see commodities declining..>>