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

To: IQBAL LATIF who wrote (16798)	2/2/1998 6:07:00 AM
From: IQBAL LATIF	Respond to of 50167

I am right now looking at NAPM possibilities- I think we have mix bag of numbers so far Phily is showing a big increase but Chicago was nearly flat with NY down- however if I read most of these numbers and try to make some reading out of it I think we have more than even chances to get aroud 53-55 area I will go for the mid point- prices will show ittle increase but markets willtake strong number in a stride lot of positive sentiment around ofcourse a very strong unexpected number will leadto bond selling but our range is anticipated by the market- I will look at delivieries prices and inventories- What can be the best news for bears- a number below 50 and you will see DOW below 7815 or HFX breaking thru 345- but very little chance bonds will rally to 5.50% yield in such a far shot scenerio- this is the first outside threat to the market- rising prices may hurt the market a little but will not damage it beyond 70 points and market wil recover most of it before close- I am hot on DDX SOX MSH BKX. I will trade some of these for long side. My level is 1020 now within a week and on lows a test of 980- a break of it will let me reverse my stance for short term- experience tell me never look at DOW go with levels of SP- 980 should hold if this leg got to move up- this is quite an aggresive stop.