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

To: Jerry Olson who wrote (20159)	9/8/1998 7:32:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I don't think rates cuts is on the cards-- the real rally will only come after 1027 is taken out- I see an interim top at 1067 area and I will make best of these targets I have talked about 1070 as main grid of consolidation we are right now in the lower grid which is 990 grid and in this grid the move to 1070 is the first step as far as I am concerned within these moves lies the money making possibilities to be honest I will be consolidating on my gains I participated in this rally on Friday right now I will come in either at the lows to go long or at the top to buy some puts selling some calls, I will wait for 1002, 1015 1027 levels closes above that, the chart for me is simple and clear and accordingly when I see the fear at the maximum or exuberance at it heights I will take the plunge...On down side I will think that 955-65 area is good to long. On interim points like a good day today we can go and trade betwen 985 to 1015 area, on lower end I will long on upper end I will watch for that move up to 1027, I fullly intend to serve the bill to the shorts like on the opening I will do by squaring my 910 puts shorts, by the way this was in risk my largest trade and if you would ask me mooon today I will give you, enjoyed every moment of it especially since this trade was based on theory of weaker $ will help ASEA and we will see recovery in ASEA the pleasure has doubled...For me posts are only good enough if the posts are translated into liquid cash,,