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

To: steve susko who wrote (17669)	3/30/1998 11:01:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Steve-- My very very short term indicator tells me we will touch 1080 before an attempt of 1130. Look at the RSI very much in the overbought territory and anyway I am not going to close my positions well until May-- right now what I bt for 27 traded for 33 last night and the higher strike 37 and change but I will keep this hedge. This trade will be in my opinion a big winner I am not looking at small change.I don't short the market at 992 and pray every day to come down but once my positions are in place I will patiently wait until my levels are visited-- a test of 20 days MA even 50 days if numbers are little stronger/weaker coming month-- every positive is built in the market so it is going to be buy the rumour sell the news however I will maintain my long core portfolio until 1045 is broken.