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

To: Arik T.G. who wrote (13183)	10/30/1997 8:22:00 AM
From: randy kay	Respond to of 50167

BULL/BEAR RATIO, OCT 29TH KAHUNA 169 IDEA 99 TECH 85

To: Arik T.G. who wrote (13183)	10/30/1997 8:43:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

You will be surprised to see market action today- HSI was at one point down 9800 nearly 870 points came back up and closed within 30% of 1200 point gained it had registered day before- for me this market is buy on dips sell on rallies-btw 890 and 940 lies the range and last night action in Russia and HSI NEkkei confirms that we are seeing some kind of bottom.I agree in absence of a bottom DOW will not rally- DOW need not to rally a consolidation over a week at these levels can be a very stabilising factor for global markets.

To: Arik T.G. who wrote (13183)	10/30/1997 10:05:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

Arik re >>The trend IS your friend - SHORT NOW! Guess what--I agree with you and I sold "in the money calls" on INTC and CSCO yesterday against calls that I am long several months out. Tried to sell naked calls on DELL and AOL but could not get my price. But re "the trend being your friend" -- when I used to tell you the same thing as the market was trending strongly to the upside during the summer, you fervently argued with with me that it was an unwise philosophy that would cause one grief. A strange inconsistency, wouldn't you say??