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

To: Dom B. who wrote (12850)	10/27/1997 12:43:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I have closed my puts at 929- although it did hit 924 but I was early I am left with 870 naked puts - I will run my position in antcipation of a rally- but if $ starts weakening and bonds show me a rally I will short this market by selling calls and buying pouts- but I don't see that bond is smart money and showing me the direction- why bond did not go up today? why it is selling- if equities are seling off why $ is not wweakening- why CHF is steady- I work with indicators and my indicators are my best guide _ I will just sit and play this one out. SOX is approaching 300 at 280 it is a great buy- and for me market bottom is dtermine 910- we can test that because when we come so near we do test the lows but if bonds stay the way they are we may not do that today- moreover I am looking at ECI the market needs new focus a good ECI will give that focus a bad one can take DOW to 7400. but choice is all yours - I would tkae my money from bonds because my broker in Paris tells me George Sorros fund has been a big seller og TB's today. Is he investing in equities? I still don't know.