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

To: IQBAL LATIF who wrote (31827)	6/13/2000 9:22:00 AM
From: kathyh	Read Replies (1) \| Respond to of 50167

good morning ike... i read your posts every day with great interest and thank you so much for sharing your excellent insights here... one question about iix and the 200dma... i read in a previous post you said 2 closes below 465 would be a bad sign... I am confident about my option positions and I am playing solid long until 465 on IIX is out if that happens on two closing basis I will take another look and possibly close out expecting that we may see a break of 200 days MA on Comp and NDX i am showing the iix closed yesterday at 475.69.... this from abwatley and yahoo... so it seems to have closed above the 200 dma of 465 that concerned you... with a range of about 495 to 475... but in your next post you mention that iix closed below the 200dma... could you please elaborate? it seems that maybe i am not getting a good number? thanks so much, my best to you... kathy :)

To: IQBAL LATIF who wrote (31827)	6/13/2000 12:42:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Market pundits can not believe they thought it is going to inflation, rather they were hit with exactly opposite the market sold off on fears of falling prices, that is what exactly I highlighted. It is posts like this I cherish, they break new grounds, enlighten me with fresh thoughts and keep this thread going.. posted before the retail sales number.... look at the tohught that we would be selling on a weaker number whereas we did not rally hard on Friday because the core was too strong, here is that 'point of ambivalence' that is crucial for a breakout, the market is lost the pasth of least resistance is pointing up and I would like to see this move higher as we analyse it further look at this whole picture the DOW is down Comp is down but SPX is up? The case is that market and economy is strong but the inflation sting is neutralised.. that is ideal for the market, in htis kindo f environment we will possibly see blockbuster corporate profits.. I will not be surprised that market that works on forward numbers may not start discussing soon when is the time to cut for Fed.. little premature but market did get an eye opener with retail sales. The dose Fed gave to this market has worked and we are on course of soft landing.. lets talks about cuts now and a new run to 4400 even higher than 4200.. after CPI.. we will have more evidence probably.. << I would consider yesterday action as backing and filling, too much of a weak number some think would bring a rally I would say too much of a weak number may bring a short term rally that may fizzle before we open, so for us a .3-.4 range would better where we may say a cap on retail sales and economy aggregate demand still strong, the market likes strong little lower than expectations but stable numbers if we get too strong or too weak a number in both case we will see a sell off, as too weak a number would be interpreted as number imapcting corporate profits so in a environment where earnings pre-announcments are a regular feature that may impact some stocks we are looking at an ideal scenerio modestly strong economy that can be errorneously termed as strong with a short term selling impact and a buying in later part of the day and CPI helping it further, if this market has to go higher it has to go with numbers that may be clearly indicative of strength not weakness, Friday market did not rally to much after a good PPI that core was not great at .2 for me that was again market lack of understanding we need numbers like the Friday one, falling prices are disaster, for inflation of assets fools like us were taught that a little inflation is good, >>