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

To: MonsieurGonzo who wrote (20219)	9/9/1998 7:12:00 AM
From: IQBAL LATIF	Respond to of 50167

Steve-- my best idea is short sterling against mark-- this is a long term trade but in my armoury of making money this is the kindest cut. I will like to watch it carefully it has taken out very important support will pop up to 2.88 level and that the to short it. This is going to help my brothers across the channel, as such this is not the kind of short I don't like albeit for raising the heat to get some real trades out here.. Please look at the chart, it is a haven currency in times of crisis the only problem I see is that in case we see Russia not being able to resolve the issues we will see flight to this currency but this one of the best chart to short.. On Brazil I see a small support at 5450 if it holds that on closing basis, I will looking for a different trade here, I will like to go long the proxy of Brazil TBR-- however on break of 5450 we may see 5000, on the up I see a move up to 6000 as first resistance in short term, 6500 the second and 7000 the htird, we only get 7000 for off to races kind of approach.. I will be little careful to short this thing. Weaknening $ will in my opinion take a lot of pressure of Latin America, as one of my friend was lamenting that so much of money where to put it is a problem, if Russia goes down in a political turmoil as a result of dissolution of DUMA we may this geogrphical flight of money and Latin America like UK may be little helped.. Take care and congratulations on a great trade on ADR'S