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

To: IQBAL LATIF who wrote (15916)	12/23/1997 11:09:00 PM
From: J R KARY	Respond to of 50167

Hello Ike Best wishes to you , and your fellow thread members , for a wonderful Holiday Season in gratitude for all the invaluable information that is so freely posted here. Plus a New Years wish for your positive outlook of the market's recovery which hopefully will be lead by the now "consent decree free" IBM in 1998 . Best regards, Jim Kary

To: IQBAL LATIF who wrote (15916)	12/24/1997 8:59:00 AM
From: Jerry Olson	Respond to of 50167

To IKE and all who live on this thread... My personal greetings to you all, Happy Holidays, healthy happy & prosperous New Year to you all, from my house to yours... Warmest Holiday Greetings, Jerry

To: IQBAL LATIF who wrote (15916)	12/24/1997 9:54:00 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 50167

Hello Ike: I hope you and your family have a good holiday. Thanks again for a great evening in Paris. Tim

To: IQBAL LATIF who wrote (15916)	12/24/1997 10:15:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

Iqbal and others on this thread Happy holidays -- hope you all have a relaxing time with your family and friends.

To: IQBAL LATIF who wrote (15916)	12/24/1997 11:46:00 AM
From: thebeach	Read Replies (1) \| Respond to of 50167

To Ike and friends: I would like to extend a warm handshake to all here.I know I have not been around very long but since I have been here I have learned this world is one huge and complicated arena. The fact that we are allowed to organize and share thoughts is mind boggling and at the same time a real privilege. My contribution has up to now been very limited,and until I know I can contribute anything as valuable as the info already being posted I will remain a lurker.Merry Christmas to all and to all a good trade.

To: IQBAL LATIF who wrote (15916)	12/24/1997 11:07:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Japan has taken out 15000 after closing 14994 on 24th now it is trading at 15229 and globex shows SPA at 951 SOX at 257 and MSFT although trying to test a break of 120 intraday closing above 120 at around 123. IBM and INTC showed resiliance but finally gave up to pressure and IBM closed below 100 and INTC at around 70 and change. Japan inability to probe lower and now a come back from the lows is positive signal and will give some confidence to world markets- MSFT inability as I wrote earlier to close below 120 I wrote a level of 117 to be probed is a good sign but I will thinkl that until 14th Jan it is going to be under lot of pressure. I see that HWP and banks may take DOW consolidation to break this basing action in thin market. This market in my opinion has shown a lot of character and strength by withstanding a lot of negatives thrown at it, is this a sign of 'dying bull' and extraordinary bullishness or legitimate sign of strength underlying this market- I choose the former hype and bullishness has been overtaken by negative sentiments individual stocks are languishing and market has dealt non-performers with necessary justice as well as its traditinal 'no prisoner approach'. Last night noticing a weaker close I did put a trade on SPA bought 940's for 21 selling 2.5 times puts of 880's at 9- I thought that if market rallies on Friday I will legout of my position without a loss due to size where by I sold 880's 2.5 times what I am long.This strategy has its risk of legging out but I find this very useful in present market condirtions although this is a recipe of disaster if you leg out and market caves in like 28th Oct imagine a single day 65 point drop can put your 880 in the money within a day however if you really think that bottom has been seen this offers a good protection and ocassion to leg out at the right time. I will be looking at consolidation in ASEA for a while tonight and tomorrow and as we go into trading on Friday find some two positive closes in ASEA as a gift to difficult to ignore. I expect market to reverse from here and have my first level at 962 and 262 on SOX- I still exoect SIOX and Techas to trade above 280 within next 10 sessions.

To: IQBAL LATIF who wrote (15916)	12/24/1997 11:32:00 PM
From: IQBAL LATIF	Respond to of 50167

Look at the S&P and relative RSI- notice the last time S&P traded here what was the RSI? It is intriguing to see S&P technically bad but historical RSI approaching oversold area. arrakis.es Now look at this Russel 2000 chart what do you make of it? arrakis.es Notice again the trading pattern but RSI is at 29 historically go back and look at the reversal possibilities. International markets - look at DOW and compare the chart with Nekkei Singapore and other ASEAN and European charts- I see that although DOW can be differently interpreted as heading South but may be it is going to be an error of judgement- is it higher lows or lower highs within this move or are we heading towards the last time lows- I read this in conjunction with global markets because events which led to previous sell offs emanated from global instability - now if you keep this in mind and look at Nekkei and some of the other markets you see a strong double bottom- I therefore have been reading a possible rally instead of drop- Nekkei last drop took DOW and other OECD markets much lower now we have a test of lows but may be higher lows a trading range trying to probe lows - you got to make your reading with charts of global markets to make some kind of assumptions for future trend. arrakis.es Hope you all enjoy these charts picked from Idea link.