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

To: Terror who wrote (13749)	11/8/1997 8:17:00 AM
From: IQBAL LATIF	Respond to of 50167

Marcie- I feel quite astonished when people think that this voltality is a 'free ride' for the shorts however I am convinced that markets will come thru this period of extreme voltality more stronger and better placed- even the hardest of bears are so jittery about market direction- they are worried about a rally whereas I am convinced- the problems with the bears is that when a bull goes wrong he is the fiercest of short they enter a trade and exit it beofre bears even realise it is the bears who end up holding those short positions, for me yesterday double check of 917 and 916 was a convincing evidence of this market resiliance. If test of lows and higher lows means something yestyerday was the classic textbook example of how bears are bled and tortured to death and I assure you this is going to happen on every single day this market decides to test and probe the lows- it is no one but the bears who will end up with the bill- I am ever ready to do this service with best of my ability 'day in day out ' basis. For how long we will take to find the bottom form the language of bears I can see it is not in too distant a future.