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

To: James Strauss who wrote (19567)	8/27/1998 1:21:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Bottom and not a bear market-- the fundamentals based on which the market is selling are excessive fear--- like deflation todays GDP and yesterday's durable goods does not show that even in worst of selling we saw most of the bell weathers holding rather well-- I would think the test of 1030 is a must but otherwise on BKX SOX DDX we are seeeing an oversold market-- I have added some positions on 230 SOX Dec-- at the moment I am going to buy puts again below 247 on SPY-- the first downdraft I sold calls and bought puts which I squared at 33 and 7 after selling for 24 and chanbe and 9 and change-- I will go in again big time but will be quick to cover also.. I just don't see this selling maintaining its course bears can have a laugh but I assure you the bull is not dead and will come back kicking soon.. people who are selling lie fools don't know if its inflation or deflation-- the bonds are priced for deflation and rates cuts these are only going to come below 7600-- so inthe interim we have solid numbers-- buy TB puts and buy calls on Techs- this is the best advice-- like always.. have to run