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

To: steve susko who wrote (19395)	8/19/1998 2:38:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Time and time again I have maintained a line very different to CW on SI- I am happy that markets have come back rather strongly my level of 1118 is intact still, I would think we would go and test 1130-32 area if 1118 is taken out relatively easy. However I remain convinced that we will see a lot of back and forth between 1130 to 1070 area this is exactly going to be like the 900-990 area- even a move higher will bring us back for simple reason market will search for that evidence of third quarter before it moves in any direction. I will always look for opportunity to buy puts above at higher levels and sell some out of money calls to play this back and forth movements.