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

To: George Mc Geary who wrote (16797)	2/2/1998 5:26:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

JT- This is Bhumbo a-la-carte, very mean 'bhumbo' painful and shorts will need to run for the cover imagine someone short on Friday to take advantage of consolidation- this is a great break and go back to my post soon after AG testimony where I predicted Hong Kong above 10000 and Nekkei 18000- one down one to go- You must have noticed that at resistance level one avoids to play with fire- since last two weeks predominant bearish sentimnets ruled the markets- but in 5 tests of the top I never advised shorting at 980 always below a certain level this time I was generous to keep it up there at 967-8 but my friends wanted to be sure to see if I am looking at this 7906 test for me it was noise and to play that is dangerous- you just don't stand in front of markets making new highs. Market is all about knowing the big picture for long term accounts one need to keep a very close look at how market will shape up as events unfold I could see as I was being pressured to go short that some 'experts' on the street are playing with fire by shorting a small move on Friday there was nothing there to short and I think squeeze comes in finally- we are there but I never claim victory even if 10 points are left in my target my target is 1020 first and I will than look at my new b target but we are almost there enjoy the 'bhumbo- fun'. For my friends and readers it is most probably fun because I stuck my nck out to call all this crisis in ASEA as noise- lets enjoy the ride.