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

To: instyle007 who wrote (31971)	6/19/2000 5:59:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I try to identify the direction of the market, since its very inception Idea thread identify the undercurrents and highlight indexes that assume importance within a move, we write here supports and resistances on future indexes as well as tech indexes, we try to play within those parameters. During this year this thread has made major moves like going out of Comp at its peak and picking DOW at its low, on four tests of 1382 during the course of last few months on SPM we tried to rationalise that point as a support or point where some longs can be triggered, as such we are on 'indexes options' daily traders but on individual equities I have a longer time frame. Like Oct calls will be bought and traded when stock reaches its objective or if it breaks down we loose the premium paid.. it is a combination of various strategies and the guys here are competent to the extent that they all genuinely make an attempt to share the knowledge what we think is is best for our own portfolios. This thread provides a track record for our daily activity and helps us to develop a strategy every day by writing our thoughts, I rarely trade equities on 24 hour basis although indexes I do..