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

To: The Perfect Hedge who wrote (20657)	9/24/1998 3:29:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Beeble- 1080 I think that if we are unable to crack thru it in two days we go and test 1040---on 7400 level-- we need to break 1000 on SPZ before we do that- on Monday if you remeber that was my case-- for me levels like 7000 6500 are share fanatsies- we will be their if we have to be but before that we need trading levels for me my levels are 1080- if we have two closes above it we go to 1130 where we will retrace to 1070 in a week- If we break 1080 we go down to 1040 if we break this we go to 1018 and 1000 -1000 should hold-- below 1000 I see a posiblity of trade to 850 Oct 28th 97 level-- where Bhumbo 1 was greased and upped on some of these guys --ggggg So I will take every oppotunity to trade from one grid to another, this 1070 grid will hold in my opinion my grids has 1080 as the core 1030 as the oputer lower support and 1130 as upper higher resistance I will give even 1135-- simple nice and clean and I don't need to make any major studies for that-- KISS is the cardinal rule if you need to make money the Locals in pits are simple-- they told us and taught us this in last 20 years-- 1690 on composite was the most ominous point-- NFT was giving a clear signal of taking out major reisstance and 1000 support test on Monday was like a script on the wall- simple when I wrote go long 1009 that was the time-- I don't change my script on hourly basis for me it will constitute dishonesty and secondly my volume of trading is so big on average that I need to follow a trend that is exactly what market does- follow the trend follow your script,SI has proven for me a great place because on writes his trades one needs to dwell on it, one has a execution script and a plan-- with these tools you also need some key indicators like BKX sahould not break 690 now, Transportation should keep its momentum, RUT should move above 400 by Oct 15 th for this rally to be legitimate and for that 1250 target which Abby has fixed for the market-- if we see BKX and Transportation breaking alongwith RUT market will remain range bound-- I wrote before my forced vaction a piece and had inserted levels none were violated- I came back and my levels were still workable-- 1052- 1035 and 1002 as support--