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

To: Getcher who wrote (16996)	2/16/1998 5:26:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Getcher- I will come back to you soon on this I just reached London will talk to you later.

To: Getcher who wrote (16996)	2/16/1998 9:57:00 PM
From: J.T.	Read Replies (1) \| Respond to of 50167

Getcher, I haven't seen you post this much in one day let alone on this thread since Gman was singing music to markets ears in the hot July days... When I get out to your "actuarial" neck of the woods hopefully this summer maybe we can hit some "lynx"... JT

To: Getcher who wrote (16996)	2/21/1998 6:16:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Getcher- off topic- for your eyes only- sorry for being late- These are very hi risk trades and meant only for Getcher who sells puts---please don't execute without getting full understanding of these trades-- don't feel shy ask but we try to exchange all possible knowledge so that we can be atleast be aware. 1- 250,000 $'s one contract on SP- 2- SOX- I will check it for you-the precise figure- I have just forgotten it and will rather wait to let you know after confirmation. 3- I do it on break of supports all the time if 1018 is taken out try it with 1 contract- tight stop loss-like 1025 on the up- you make profit both sides as you have long puts and short calls but get whipped if market goes against you but I just let you know this in case when market is heading South get this thing going-- this is special stuff when bulls turn bears- 4- Now divergence play on SPA and SOX- If DOW fails to take out 8500 which corrsponds to 1044 region on SPA we will see DJIA retreating but SOXZ moving higher now this is absolutley again hypothetical but if it happens- use the above number 3 with number 4 in combo- now this unfortunately is not plain vanilla Yahoo stuff ggg go March SOX 320 longs - on break of 320 and short 280 2 to 1 this is special a-la- carte menu also I do it lot of times maintain a strict market stop loss at 306- this is a generous one but the trade is generous and super-duper-- no non sense 1000$ trade make and break but that is what I like on bull markets- as I have preembled this thread 'intellectualising is one thing bottom line is what it counts,' Now I write in content terms soo much that sometime I feel that may be I can go wrong on few levels but training to trade markets on downside to skim the skin of bears is my favorite trade--and hence keep repeating these levels have become my second habit not that I have lost my skills of dancing in the process still one of the best on the floors-ggggggg the old man nowadays has lot of energy- why not if one have windfalls once you ' danses avec les loups' it gives you special skills. Future strategy- waiting with a bait? Yes I am sitting waiting for that correction to come-- ready with my special 'bear assortment mix'--but I don't call intermediate levels and get whipsawed mercilessly- let market come to me let it take out 1022 then 1018 then stay there on closing basis I will then identify break to 1008 and if it breaks that too also my next level will be 998 but may be they dip it once to 988 just to trigger shorts and within same session come and close above 1000 - if this is happening check if NAZ and SOX is taking out key supports if not just don't worry-so with all that in my mind I trade with the' locals' and try to think the way locals want to get the city-- sometime I think of 'locals' as one's we play against and enjoy the hi-drama we create but without 'locking horns' with locals and calling their bluffs one really does not get the real PLEASURE- greens keep searching levels on charts when locals hit them and whipsaw them. Let these locals test supports and play with fire they will find nothing but pain . I will only consider trend to be temporarily broken if 992 is taken out but who will let the market or thread drift there without being short much before. I can imagine frustration of a short that why I am not unashamedly bull no-- bull with my support levels and that is what everyone should be- enjoy the ride up because we knew 1000 is coming I also was sure of squeeze above 1000 the 'bhumbo' saga but now the bhumbo has done the job and TA guys are looking at a party where half of the fun has been devoured--these TA guys are late to pick a trend and late to pick a downtrend also- this too much of bullishness and breaking of ' wall of fear' is giving me a kind of fear-- I don't think markets are going to give them the way they are looking at-- the problem is that my model is pro-reactive and needs to be little tamed for few weeks lag. Have a good fun -- now I am out for late so see you soon-- have a good day and hope you get something out of this sincere effort to let everyone know that what you see is not how markets work--the element of fear greed and positioning against 'locals' cannot be overlooked once macro economic- global markets- TB's and corelations are out of the way. Ask me if it not clear-- I can give you many other exotic trades-- for your eyes only....by the way it is natural hedge also--more later.