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

To: puborectalis who wrote (18499)	5/28/1998 3:16:00 AM
From: IQBAL LATIF	Respond to of 50167

SK-- I have not added or sold any positions so far although have traded SOX on the short side heavily to limit the damage from semis sell off to a acceptable level. I would add positions only after SOX takes out this 299-301 area before that I will play the index with tight stop losses, like going long above 275 to 289 level the definite trend will only emerge after composite 1752 is held like it did last night and 265 is maintained I see no fundamental change and think that this is a timely correction to what apparentlyt looked liked an explosive run. All puritinical levels on SPM have been visited below this will be the mother test to 990 old highs, but presently it looks that we will do with intermediate tests only. Sorry for missing your previous post.