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To: IQBAL LATIF who wrote (19052)	7/27/1998 2:19:00 PM
From: IQBAL LATIF	Respond to of 50167

My post in the morning was 'If we break 1922 we go an test 1865'-- that what composite did tested 1887-- why did I took such a big gap after 1922-- it was simple I knew that if we break 1922 we will see some huge selling in internets which are not a part of SPU or SPX. That is how we had this big drop and that is what I have been referring to cup winners cupo rally-- the high inflated stocks will see rotation and winners will take off.

To: IQBAL LATIF who wrote (19052)	7/27/1998 4:21:00 PM
From: IQBAL LATIF	Respond to of 50167

The only satisfaction is to check your posts with the market close,DOW up to close at 9021, composite testing that 1887 and coming back right up to 1932 to close up and this is a close above my 1922 level- PSE 351, transportation 3349 strongly up and SOX 252-- the markets dances according to our tunes we set the script and the magic continues---------Barton Biggs bibi. we comment on daily basis as such tomorrow will be another day but it is consistency of predictions which matters, if one is in a business of forecasting either say up or down period.. The markets have no moods it has buyers sellers and some bunch of fools who short at supports and buy at wrong ressitances, if one does so the 20 down on Globex has to be now digested with market closing up, that indicator is for gloom and doom prophets trying to sell their stinking products of pessimism to followers who love to be whip sawed, shorts are markets cannon fodder- keep coming we are setting up nice traps all the time. The 'kahuna' is for the betterment of longs the shorts see it coming and it disaapears like 28th Oct selling the profits are for people who treat this market on fundamentals and on laddered approach. Today was great to make monies twice once shorting at the opening when market was rising then covering at the support and going long at 1136 on SPU... Markets are only good if one think pits, act pits and befriend the locals in time of volatility-- Idea in Paris follows the pits in Chicago-- my body is here in Paris but mind goes in with the 'hot shots pit brokers' and people from far and long come to read this saga some are nice to acknowledge others just keep coming, waiting to say oneday 'I told you so' when market breaks that 1892 support, I hope that will only happen when my line with pits drop dead. Trend is your friend bibi today after a one heck of a day-- time to relax and enjoy the winnings.... This message from IQBAL LATIF on Jul 27 1998 9:42AM EST 'For me I would like these levels to be watched closely-- I am in this market far too long to go by these sentiments-- at certain level if the fundmaentals do not change this market does become too attractive to be ignored. If 1922 is taken out we go and test 1865 level-- and my thread will see to it that if there is a pop up or a break above 1155 we highlight it, excessively pessimistic markets are not markets which go down one way that is what my experience tell me, so look for opportunities. Levels to watch 1922-- '