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

To: Front Beach who wrote (19971)	9/4/1998 10:15:00 PM
From: ED_L	Read Replies (1) \| Respond to of 50167

Most of the golds that have moved up are about to run into some very strong resistance (see charts on HM or ASA).

To: Front Beach who wrote (19971)	9/5/1998 3:33:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

970/990 band was taken out on the lower side and with lot of precision the technicians will read a lot into this, the man in the pits forced me to get out at the lows and not to carry this huge position for three days of time decay, they were very clear we want to rattle-- on the opening they told me we have seen the highs, however I was expecting that we will break the pits on the upside the order on the close was expected by me on the opening as we tested 984 area that did not materialise- what a buy, at the lows. I don't really know how much they are aware of macro economics in pits it is sentiments that rule, the big move will only come in the direction of the underlying economy, I feel strange that we are all engaged in dicussions of deflation whereas oil prices hike and hourly earnings should give some kind of idea as to where we are heading,hawks in Fed will jump up demands for rate hikes if commodities continue to make a rebound, very treacherous waters we are treading, the long bond rallied on unemployment and Oil I doubt this will continue be prepared for volatility and also bond volatility soon-- buy puts on bonds Dec contract ..