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

To: Tim Luke who wrote (32457)	8/15/2000 12:10:07 PM
From: IQBAL LATIF	Respond to of 50167

I think outside the money options is the best intial way to position if one feels strongly until all the long signals are in place, undoubtedly if everyone is looking at 200 days MA so solidly and expecting the market to fail the move thst is going to materialise is going to be a fast move. I have a strange gut feeling that this marekt is ready to surprise the bulls and 'bears' with the intensity of the break out, whichever side it will break it will be at least a 250 point move in next few days where July high on Comp in my opinion will probably be probed and taken out.. this is my bias and naturally we on thel ong side has our established biased opinions.. hopefully good for us..1527 is out this time once a old high of the market is out this can go places pretty fast but such is the wedge that breakout of DOW SPX SPU need that little rally of 'winner takes it all' combination, you have earmarked them very correctly..

To: Tim Luke who wrote (32457)	8/15/2000 12:10:34 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I think outside the money options is the best intial way to position if one feels strongly until all the long signals are in place, undoubtedly if everyone is looking at 200 days MA so solidly and expecting the market to fail the move thst is going to materialise is going to be a fast move. I have a strange gut feeling that this marekt is ready to surprise the bulls and 'bears' with the intensity of the break out, whichever side it will break it will be at least a 250 point move in next few days where July high on Comp in my opinion will probably be probed and taken out.. this is my bias and naturally we on the long side has our established biased opinions.. hopefully good for us..1527 is out this time once a old high of the market is out this can go places pretty fast but such is the wedge that breakout of DOW SPX SPU need that little rally of 'winner takes it all' combination, you have earmarked them very correctly..