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

To: Duke who wrote (17076)	2/20/1998 3:24:00 PM
From: IQBAL LATIF	Respond to of 50167

Trading PMCS and initiating new positions at my fourth level up from Nov- Dec correction. It is sitting at around 37 but will be careful to add new positions until I get this trend moving TXN above 60 INTC is alright and SOX above 320 -two solid closes - I have been trading this gigantic move up from three levels- 1st- 243 to 280 2nd- 280 to 301 3rd- 302 to 320 4th- 320 to 355 and 380 Last time this fourth moved hurt me badly which was 402 to 430 move which I anticipated so for me I am in exactly in my fourth wave and consisitently making this case of resistances and supports- I will in this fourth move expect 320 to be taken out so 302 is the support and 320 the resistance- keep your models tied to levels and also look at my key stocks- IBM will take a breather at 108 but look out at 96 I had clearl uppish bias the problem is that if someone delays entry far too much at gets in at 108 the chances of failing at higher levels are correspondingly higher therefore to add PMCS here you need some solid trend developing. MSFT I will like this to stay above 152-- INTC- Stay above 87 TXN - should stay above 57 now- I change my level to 57 from 531/2 today I just as I got up from my 'siesta' the volume and test of 57 today was a good support . I want to extend my best possible help to investors that all your trades should be integrated- there is no hard and fast rule now in this well integrated economy you got give alongwith US some weightage to ASEA and Europe so- look at ASEA every day read this thread for ASEA news Japan HSI China Singapore Malayasia Indonesia in that order- also add a watch of CAC 40 staying above 3100 and FTSE 5400 with DAX watch- now if you want to go long at these heights be prepared to accept higher level of risks because if my broad indicators which I have explained in previous posts turn sour I will turn sour too- the fundamentals are great but walk down to 950 will not be missed- for me I come on this thread with a clean slate- from these heights I will like my recommendations to be taken with my 'trading philosophy' yes it not conventional but that is the way to survive with fifty different levels in this effort to swim with sharks- the day I will really think that I can only trade on long side of the market I will stop this fun.