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

To: IQBAL LATIF who wrote (16704)	1/29/1998 12:06:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Are we making that final attempt on 1000-- may be yes- AG has been very positive and look closely he did not refer to any market irrational exuberance this is three quarters of more earnings and lot of consolidation that we are seeing 990 assault once again- the formation of all the elements is formidable we have encouraged on this thread all along no non-sense straight approach 'that markets go higher' intermittant noise was always discounted and real targets identified- I see now a real assault on 1000 a formality- HSI will blow out 10000 soon and Nikkei 17800 as new target- we are in new phase as momentum builds up- naturally as we approach our ultimate resistance we may need to be extra cautious- I have tried to narrow my support and now I move it up to 970- I will bank on BKX to take out 935 if HSI rallies on banks today I see no reason for US banks to languish the very reason of these stocks to sell were worries of ASEA if that is not the case lets enjoy this ride up. Watch out for SOX 301 first resistance- BKX 935 and XOC will take out 822 in this new leg higher- I would assume the 'Bhumbo' phase alluding me for last few months coming- look at the charts and if we take out 1000 on closing basis the next step would be 1020- Keep it tight and smart- longs will now see some good results anyway all along my view has been that in diffcult market with all kind of skepticism one needs to make a case of continuity of bull leg for my core positions like many of us have in our Keogh plan we need to know if bull trend was intact or no- my whole focus has been to work around core holdings and identify opportunity- in a solid bull leg the last thing you want is to caught short. As AG was speaking on CNBC (I got it now today was the first day of live CNBC I will not watch it during the day as I shun live quotes and try to avoid market direction influence or cloud my thinking) I could see a lot of areas where impact of ASEA on US was discounted and that is exactly the big picture focus we have maintained- I am very happy and satisfied that major 992 level has been touched although 1000 may take some time but nice to know that we maintained our integrity of 'reading' consistent even in last few days where my e-mail messages were telling me 8 to 1 to go bearish- premature celeberation is not on but satisfaction to see things configuring and momentum developing gives me great sense of achievement. Allow me to enjoy this small piece of enjoyment and happiness.

To: IQBAL LATIF who wrote (16704)	1/31/1998 1:28:00 AM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

Look at WDC QNTM and RDRT once again and notice the small run yesterday- loooking good 20 calls on WDC and 25 calls on Qntm like 6 or 7 months out rather I would prefer leaps even dead SEG has shown some life- Iwrote about DD sector few days back I will like you to watch but wait to intitate positions until 992 on SPA is decisively taken out better to join the band wagon.. on the up otherwise you may opportunity to enter at lower level but we may have seen the bottom in DD sector- I rmeember seeing DD index but I hope someone can guide me to the site where I can watch it.