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

To: Sonki who wrote (18000)	4/17/1998 12:46:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Sonki-- off topic I wish you had gone thru my yesterday's global mart report. I hope you follow my supports and resistances- since you wanted to go long on CAC or FTSE, my remarks that these markets will be soon caught in EMU blues, this could not have come at most appropriate time. We are right now in it. BKX took out my 905 support before 925-930 resistance alongwith SPM broke 1118 which I highlighted yesterday. Next target 20 days MA on SPM. Resistance is 1118. Composite support 1855- resistance 1866. SOX a break of 301 bad for very short time like a week but good prognosis overall- markets and Techs won't fall with reports like TXN- for sure vultures will soon look and send some well needed money in this sector. Thanks for asking the question as I had to look back a little harder. By the way levels need to be in head and charts need to be like pictures once a month ritual to look them with disdain and then analyse with a big picture model/ My yesterday post and gaps of 20 and 50 days MA's on DAX are now very much coming on to reality. Japan is testing the support I expected it to test the resistance but G-7 meeting ending without any resolution to solve Japanese crisis would mean some jitters. HSI around 10800. I would like Japan to stay above these levels, a break here will lead us as low as 14800. I am going to wash out my hands from this trade below 157 JPN index so far it is 164.I hate myself for this self imposed discipline a profitable trade now is square and I will probably loose but such is harsh reality of market. Steve Susko will be laughing at my self confidence.gg I will try to long at around 14600 level. I am looking at CAC and DAX we will see this consolidation as well in FTSE for some time surely you will get a cheaper entry point. Sonki-- You will be surprised that posting and asking questions make me go thry some of the subjects with little more vigour otherwise I assure you I am an idler-- wasting too much of my time on discussions and long dinners. This thread gives me a little discipline to write few of my wayward thoughts, the way things are shaping up I really tell you I hope I could instead of wasting time spend more on research. I will now leave and not come back until evening full 12 hours of 'walkabout' your messages tie me down a little more. So keep coming- you are always welcome. One thing once I am committed to this thread nothing takes me away and that is good discipline- where ever I am questioned or no questions I love registring my thoughts open frank and candid- straight dealing with most of markets- this is kind of service which is unique and I intend to do it because I enjoy it- Sometime it gets quite lonely in here but I know Anne Gary Pod Steve Marcie Bri Chuck Tim Al and my few other friends do pop in to enjoy 'mavericks' talk . I love that I have their attention. slow and steday our circle might increase but you as one of the earliest posters will always have my best attention. I don't know where is Karun and Mohan and Sundar but you guys are good guys. I am delighted to know you all. I earn a lot of respect and that's keep me going otherwise I am already a very well to do man-ggg enhanced earning motive I will detest and hate. The thread comes first and than my trades. I will like to continue my postings and comments on global markets. Espin charts are good to look at for global indexes. Very broad no exotics but gives you what you need.