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

To: E. Graphs who wrote (17194)	2/28/1998 4:44:00 PM
From: E. Graphs	Read Replies (1) \| Respond to of 50167

RE: Indexes XAU Gold and Silver EVX Environmental VIX Volatility TYX Yield/30 Yr T Bonds MEX Mexico BKX Banking BTK Biotechnology CWX Computer Software CYC Cyclical RXH Healthcare Providers XNG Natural Gas XOI Oil BKX Banking CEX Chemicals CWX Computer Software XCI Computer Tech RXH Healthcare Providers XBD Securities Broker XNG Natural Gas NDX Naz 100 Index NWX Networking AUX Automotive XMI Major Market CWX Computer Software XCI Computer Tech MSH High Tech FPP Forest and Paper HMO Healthcare Payor SOX Semiconductor VLE Value Line Arithmetic TXX Technology PSE PSE Technology OEX S&P 100 WSX Wilshire Small Cap MID S&P 400 Midcap SPX S&P 500 RLX Retail NYA NYSE Comp IUX Insurance RUT Russell 2000 IIX Internet XOC OTC JPN Japan GAX Gaming SOX Semiconductor TRX Transport RIX REIT XAL Airlines CMR Consumer HCR please delete/error HCX Healthcare RXP Healthcare Products RLX Retail PNX Phone XBD Securities Broker DRG Pharmaceutical UTY Utility PNX Phone XBD Securities Broker

To: E. Graphs who wrote (17194)	2/28/1998 6:14:00 PM
From: IQBAL LATIF	Respond to of 50167

E- Graph I will try to dig one of my post where my target on SOX has been 480-- even right during the slaughter-- I will maintain that these targets will be achieved my target on BKX a month ago was 785 we are there on SPA 1000 I raised this 1000 slogan last June we crossed it -- at 243 I said we are rebounding we got that at 280 I said I will short until 250 and we got that so these targets are easy ti identify but difficult to defend amidst carnage like end October-- but I was posting right on 28th morning asking to go long on stocks by 11-00 in the morning so for me fundamanetals reamin intact this test of 243 like 139 in July 1996 is higher lows in my design of things-- so in my opinion it is immaterial where do we go as intermediate test as far as trend was proven to be right-- we comment on the market day in day out and naturaly we are bound to face some embarrassment on certain levels but I think the most important element is sticking one's neck out and standing with it and identifying a reversal in bull trend when it comes- at the moment we are trying to look within a bull trend trading entry points and as far as we are on right side of market one should not worry- I had faced a lot of rididcule last June when I first posted 1000 on this thread but now it is gratifying to see my level not only to see it but to be part of it is a 'bounty' , Your levels at 480 or even higher can only be justified if 405 is taken out for me I have a fundamental case intact but I would rather concentrate on 355 as first to fall-- on down side my configuration becomes a bit shaky below 302 as 280 will certainly be tested-- I will assume 280 as new 243 in progression of 139 since 96-- and as such would not be concerned unduly. Markets are fluid and I will like our goals an objectives to adjust accordingly at the moment I expect SOX to behave well at 312- 314 area and I will rather be looking at long positions then shorting it barring some extraordinary events in ASEA on Monday--- I see tat HSI and Nikkei has taken out important levels a close above 17200 will be a third attempt and I would assume a final one to take it out. I agree with your findings on BKX-- JPN I am bullish again a contrarian view considering what Barton Biggs said-- RUT and SPX-- others I really don't very closely follow but will like to share with you if something interesting crosses you. Be flexible and be bold that is what investing is all about-- I hope as far as we can let people beware of risks we can exchange our ideas without fear of being pursued-- I think just write what you think is right and execute the trades accordingly-- the best thing I have learnt is look at fundamentals of economy if this configuration continues levels to be taken out are matter of time-- just one last word follow the trend and within this bull trend we will have to face a lot of music so we need to play between the 10 days and 50 or even 200 days windows of opportunities- so below 302 be careful like you would be below 1727 on composite and 8200-8250 on DJIA.