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

To: IQBAL LATIF who wrote (16031)	12/29/1997 11:22:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Happy new year to every one on the thread-I hope 1998 turnsout to be a better year for SOX and badly hit techs. Best regards and love -Ike.

To: IQBAL LATIF who wrote (16031)	12/30/1997 11:02:00 PM
From: IQBAL LATIF	Respond to of 50167

I wrote yesterday- 'air between 968 and 980' and 'yield curve hoax' that what you saw- 'My levels of today are a break of 968- numbers emanating will be strong and we will play this strange 'yield curve' divergence to its full- yields are going to correct to 6.15- 6.20 region as numbers come in test of 950-55 on SPA is on cards even if 980 is tested I will be looking at longs on weakness and will try to establish some put options at 960 if we see 972 break today towards the end a 2 to 1 strategy can be great- buying some nearer puts as strong numbers will give me a trade on short side. Strong numbers will lead to short term hour weakness but a sharp reversal- on bonds 118 puts will be a good bet.' The agony of the shorts continue my target of 7800 has been comprehensively taken out as I expected and wrote bonds broke and were down at 120,01 I don't know where they closed - SOX stuck at 262 I will give it another day today to take out its resistance TXN was not and some of the other stocks not doing well- does this mean a failure at 1000 once again ? I think it is a matter of time once ASEA get going we all will realise that SOX will stage a smart recovery to 280. I think it will be SPA takeout of 996 and close above 1000 that may give some bounce in oversold situations. I feel that this year end rally was one of the most significant formation and configuration and 'reluctance and ambivalence of shorts'made it even more of a sure event. Once again I submit market is a dynamic place it is because of this fluidity we make regular submissions on this thread but to loose the focus and miss the moves is kind of 'caught in self believe' I think we will now go in numbers on Friday with DOW at or around 8000 and once the numbers come we may see some short term selling but test of old highs is on the cards-new highs. I think short term selling or test of 968 is good level to play on the long side. It may be so that we may not see this selling this time if numbers come good since market knows it that 'yield curve' deflationary pattern is biggest hoax and they may all do what we did a month ago and buy on good strong numbers bought on dips.However there still will be opportunity and even 972 test can be point of rebound. The only threat I see is weakness in economy but that is not possible right now.

To: IQBAL LATIF who wrote (16031)	1/4/1998 9:37:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 50167

Ike, don't worry so much about being right or wrong.. just keep contributing your interesting ideas. Its the SUM of views that makes this thread and other compartments in SI valuable. I hope we keep employment high and productivitiy increasing. Against a backdrop of many countries in need of support, credit, and financing continued US prosperity is essential. Did you see the Pakistan population projections for the year 2050? They show it rising to be the 3rd most populous country on Earth. Have a profitable and happy new trading year. Jim