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

To: J.T. who wrote (16618)	1/27/1998 1:30:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

JT- I don't mind having a market adjustment but unfortunately we are in business of reading the market on a span of 24 hours- we try to see and develop some reasonable corelations between various external and internal factors- in this we need to establish points where to go short or long in my long experience with markets the only way one can daytrade is to know the levels of entry and exit otherwise stopping out becomes a routine phenomenon- I wish we had to comment on market on a monthly basis nearly every contributor who makes a daily report will face a similar dilemma that is to interpret various events into a sequential train on events based on which we execute trades- I will not hesitate to short SOX or BKX or HFX or even Olis but I will like my levels to be breached e.g. below 255 below 984 below 340 are areas where I will look into a possibility of a downward break- now with all fairness I wish I could say the market goes down but if my indicators are fooling me this time Iwould rather be wrong but read with consistancy my crude commentary- I will short if SPA and Bonds break thru 937 or 124 I will also look at individual stocks and my 10 bigs will give me a good indication my supports on my 10 bigs are on my red alert and will give me some indication- thanks for prompting me and keeping me on my toes - I wish you continue this with smae vigour so as to encourage me to watch out for more indicators and anyway with you looking at my shoulder so closely I will keep adding little for education of my ownself- nice to see your trading strategy outlined every morning in front of you - Have made trading easier and I don't fee lost with charts contradictory messages.