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

To: Al Serrao who wrote (15341)	12/8/1997 5:14:00 PM
From: Chuck Molinary	Read Replies (1) \| Respond to of 50167

Go Al Go! Nice to see BROD finally coming through for you! 34 up 3 today.... congrats! Chuck

To: Al Serrao who wrote (15341)	12/9/1997 1:15:00 AM
From: IQBAL LATIF	Respond to of 50167

Al-Proactive not reactive- Hallmark of this thread! More wrong then right but atleast with an opinion- Who cares as far as we are not whipsawed and accounts keep growing healthily. Brod like otherv techs is coming out of ashes of gloom- Japan is up in excess of 4% as I write although Malayasia after being up 15% have given up some of the gains- HSI and ASEANs are consolidating. SOX slowly and steadily trying to make a dent at 300 we need this to get going- TXN and INTC are two components alongwith LSCC LLTC MOT LRCX and some others- the former two have still remained in oversold territory and I would like them now to make an attempt at 80 and 50 respectively a close above that two times and we will see SOX at 320- I am positive that my levels of 301 shall be breached very soon however I will advise caution on break of 290 - for me until 280 is comprehensively broken I will not declare a retest of my Dec 942 on cards- my levels are clear that is how I trade interrealtional trades based on bonds bellwethers and Techs -so far I have done extremely well and will continue to listen to friends like you to go long- this market is not going anywhere but up- the bull trend begining since 1982-83 when I use to trade on paper and DOW use to sell off at 1000 everytime it approached and S&P at 115 is a memories as fresh as yesterday- 4 figure S&P at 1000 will take some time but like DOW at 1000 once it broke it was 20% higher within days. Do I see similar pattern here not 20 % higher but a big 'bhumbo' to 1050 and around that level we will be in Jan. To expect from me levels only on bull side is 'naiveity' I am more cautious then ever on down side now- I will not miss if a false break comes to ride the wave down from the top- last time I missed a huge 50 points before shorting the market. This may cause certain ambiguity but I think the levels are best I can post in my humble opinion. People avoid talking about next 24 hours I take on responsiblity and will continue to do so. I think it is this single unique quality that this thread attracts a lot of 'very unmerited' attention. Last time 'bumbo' appearance coincided with S&P at 770 and SOX at 254- SOX cumulative earnings from that levels have gone much higher SOX for me is a proxy of Techs same can be safely said about Techs and market is once again sitting at 986 with SOX at 295 - Nasdaq divergence in 'corelational charting' shows me a break a point where NASDAQ will meet the new highs of DOW over a period of a month- as earnings season approaches near. I am looking at convergence of Naz with DOW and S&P the laggards will move as 16th Dec FOMC meeting decides to leave the rates as they are. I rather would be pro-active then reactive I rather would be wrong then giving opinions after the event r remain indecisive- you may take my opinions of that of 'prema bull' but I have remained biased on my feel and experience an unashamed bull but have also taken ample cover in case of reversal- same strategy should be applied now- we need to take due care of new opportunities but will need to see 'interrelational' coordination of various components- if you keep your levels in sight you will not be caught on the wrong side of the market. To catch a bottom and a top is a traders dream- we try to do it within 2%. I forsee future as DOW S&P waits now for bonds to form a base around 116,14 and 117,29 level- we see some more rallies in Naz as Naz tries to catch up with the DOW- several time in my last posts I have raised the spectre of DOW moving and making new highs with SOX languishing I raised the question of two possiblties either DOW falling or SOX catching up - I remain firmly biased towards SOX catching up. Will Naz be at 1742? is a question which consumes me and if it is there where will be SOX?and S&P or DOW- How bonds will break and when this break is going to affect the market? Someone who was short of markets and long of bonds must have seen what a double whammy market can offer when unsaleable confusion of 'inflation deflation' is sold to the market- when market wakes up to reality it hit the 'naysayers' with a typical brute squeeze- on Friday moring the display was clear- it is these atypical reactions of markets which consume my strategies! Markets are fluid and not a fixed place- anyone who considers markets to be 'fixed' in space and time becomes either a bull or a bear for me markets are nothing but key levels- last time I ignored major break of SOX and lost the move of S&P btw 980 and 945 until I picked up from there to have a complete round of bottom- this time I am keeping SOX and NAZ and bonds as my red flags- if market breaks triple tested support of 280 we will see a test of important key support of 938 -942 area on S&P- In a fluid market it is difficult to suggest future trading pattern on long and short side but in my opinion that is what is required a vision of the market- one can be wrong as I have been criticised rightly but I would rather carry that burden then to be 'indecisive'- it is purely with this in mind I compose my posts- I am posting levels and strategies much in advance for future of the markets and I would request that instead of concentrating on 'ambuigities' and 'faults' which I concur are immense- if we can just read my post as one of the thousands posted- My last hundreds of posts are evidence of my trading strategies, wrong they may be but 'on direction and firmness' I have my opinions which have on acid test of' firmness of opinion' remain hallmark of this thread- For me this culmination of a 'global experiment' a 'universal mart' where human endeavour succeeds over 'geographical limitations- my ambition is to make this kind of exchange on global level a norm within trading realm- I have achieved it for my self and hopefully will implant this experiment vigrously in emerging world where intelligent and astute investors can play world biggest market with same degree of enthusiasm as you do in US. So help me God.Amen