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

To: JDinBaltimore who wrote (35676)	12/8/2000 9:05:47 AM
From: Peace	Read Replies (1) \| Respond to of 50167

I hope not all bears are as smart. We do need some on the other side too. <g>

To: JDinBaltimore who wrote (35676)	12/8/2000 11:25:13 AM
From: IQBAL LATIF	Respond to of 50167

John.. Reading markets is an art that is not perfect, I have learnt this long time back. We make educated guesses, however our best effort should be to interpret a move before it comes. From elections to INTC or MOT, my views have been that market has built in safety margins to see through this selling.. Nice to see after last night call that INTC news helped the market as I anticipated. You made that excellent observation that 'Ike use to make good calls'. I rarely ever made good calls, all my calls are good or bad it all depends on the time constraints of the trader and his use of leverage. Unfortunately my calls are independent of the 'short term span' and restricted in terms of leverage, and hence if they are good or bad it all depends on how the trade has been subjected to 'constraint of time and what risk factors has been taken into account. I have strong reasoning behind my views and sometime they are right others they are worng but one thing remains that I play hte market with my fundamental view.It is most unfortunate that this is lost on some and every down move takes some victims, market opens everyday if you have no liquidity you cannot play that has been my lesson to my own blood, that is what is appearing on my profile, playing within means. Markets is about politics, about our social structure, it is a sum total of our or you can say essence of our living, it is a sum total of every thing that happnes around us, market is awake and tries to factor a lot of incidences some very apparent others ordinary. Therefore we term markets as a 'barometer' of our national activity. One shoud never forget that moving in and out is good for some and not good for others, as Uncle sam shares of your capital gains and by the time you get back in at new price greatly reduces your profit, so I have learnt to stay invested and play around my portfolio. INTC warning was a sign that I have been talking about, market is built with a forward looking mechanism, you need a combo of NAZ-SPZ-DOW moves if you really want to play this market. You may think that as a bull I made some foolish mistakes and was still invested in the market but if you look back to my pages you may find that from 1450 downwards I have played every break and made money although losing money in the core, this what I call is a perfect hedge, the sum total of my actitivity is that I am in positive territory around 2945 a big drop from 3280 in last few days, with big moves on NTAP PMCS and BRCM not to exclude EXTR, all these were highlighted to me by friends who have been great guides..some are my core too..if this is what this whole bear move is all about I assure you that the moment you will seriously want to get in for your core the futures will move big.. I am happy that you guys have the ability to move so fast, we do it our way and sometime it is good others we take suffer for our self inflicted errors that we choose. At the moment lot of earning uncertainity is out of the market, we have 'political' issues however this 1355 is going to beocme a support now if we break it on the up. 1408 is the target... I would think that 3028 is my target to call this move a reversal before that I will just dabble in my option trades..