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

To: bobby beara who wrote (15213)	12/2/1997 11:15:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

BB- TO mark the peek is one thing to be with it is another pleasure but to short it at 900 is share pain- I think it is not about peak it is about timing- for me if bonds does not break 116,14 a full three points from here although I expect initial selling as that happens with strong numbers and Tech remains solid at this support of 289 today- last time we had S&P at 980 SOX was at 400 we are now negotiating SP at 800 SOX being 30% lower- Can you explain this huge divergence? It is either of the two- SOX will beat Kurlaks view or we go down to test some supports in the broad market- I think both these things will happen we may see some overreaction to Techs and SP selling in sympathy but my overall picture remains higher- strategy short on break of supports long on key supports-ofcourse I will post levels daily-in context of market- 6th Oct post events are nothing but noise- today is a reality- for me Oct was overreaction and it is all washed out within 10 sessions- why not to watch moves of markets bnow and short it at our convinience. Timin Timing and Timing like Location Location and Location in real estate.