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

To: Bruce Tiemann who wrote (15296)	12/5/1997 10:46:00 PM
From: IQBAL LATIF	Respond to of 50167

Bruce- I wish we could know if he was going long on contrarian logic and he really knew the number to be very strong and opted for long positions. We went long and explained why- the bottom line was that yesterday was 'death of deflation' theoriticians now if they need dgini of 'inflation' to eat corporate profits they need to swallow and eat their posts and market delivers no free lunches thet saw the contradictions and took the shorts to the launderers without mercy- we need now to be extra careful I see more opportunity but it is and have to be techs get going and they will soon. If SOX is unable to break 300 we may not need to take protective action around 1000 the four figure tryst of market with destiny next week- Anyway coming back to link post if above is the case with hindsight he would done very well on Globex S&P traded as low as 966- our logic here to go long at 968 area based on ugly numbers for market came out to be true also- it was one day lets see if this darn things keep giving us some real direction-so far so good- Thanks and hope you are enjoying your longs- but keep close watch on SOX 280 as support also a weakness in bellwethers will be eary sign of a market reversal to test lows.