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

To: current trend who wrote (15403)	12/11/1997 10:54:00 PM
From: IQBAL LATIF	Respond to of 50167

CT- Sorry I missed your post yeterday- TA is a part of my read only to the extent that my levels are deducted fronm it unfortunately I don't trade based on TA rather it is trying to read if basic fundamentals are being correctly interpreted- I got this break of 280 as a sign of reversal and acted on it had market not opened lower yesterday I would have covered my shorts at 278 it closed at 277 a point below my exit of shorts- on break of 262 I entered some more positions but I have unfortunately being a reluctant short the last time I shorted the market on 'fundamentals' was in July of this year as I saw some creeping up of inflation leading signals I came back in the market in Sept and have believed that 'strong economy' will deliver us strong corporate profits- SOX has been sent to dogs many a time before being one of the most volatile sector you need to keep a close watch on this- July 96 it teated 139 and was back up to 404 with in 9 months- I think we will see these gyrations however world is not going to end- My todays prediction are test of 948 and break of 962 to close at 965-7 area. Lets see if this works or another day of 'wrong read'. PS-