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

To: IQBAL LATIF who wrote (20665)	9/24/1998 8:05:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

My universe of stocks I follow--- Close Above the 13-day EMA AAPL 38 5/16 0 AFC 64 7/16 0 ALTR 34 3/4 0 AMAT 25 11/16 0 APA 28 5/8 0 BAC 65 1/4 0 BEN 30 5/16 0 BT 68 1/16 0 CA 32 13/16 0 CCI 105 1/2 0 CMB 50 1/8 0 COO 18 9/16 0 DIS 26 13/16 0 DO 27 1/4 0 GE 84 1/16 0 HDI 32 7/16 0 HWP 53 11/16 0 JPM 93 1/8 0 LLTC 53 3/16 0 LU 77 3/4 0 MSCC 7 3/8 0 MTSN 3 17/32 0 NE 16 1/16 0 NOK.A 83 3/8 0 ODETA 6 3/8 0 PSFT 33 9/16 0 RIG 32 7/16 0 ROK 40 0 SLB 52 7/8 0 TER 19 7/8 0 USS 41 1/8 0 XICO 1 1/8 0 XON 70 5/16 0 MACD - Bullish AAPL 38 5/16 0 AOL 115 1/4 0 EPG 33 0 ISIP 12 0 NOK.A 83 3/8 0 PLL 22 1/2 0 QWST 39 3/8 0 SMOD 21 1/2 0 MACD - Bearish, Stopped Out AAPL 38 5/16 0 AOL 115 1/4 0 EPG 33 0 ISIP 12 0 PLL 22 1/2 0 QWST 39 3/8 0 SMOD 21 1/2 0 Close Above the 50-day EMA AFC 64 7/16 0 AMZN 105 1/8 0 APA 28 5/8 0 ARC 71 3/8 0 EPG 33 0 IMGN 1 1/2 0 MOT 48 1/8 0 NOK.A 83 3/8 0 NOVN 5 1/4 0 PFE 106 1/2 0 PGR 117 7/16 0 QNTM 16 15/16 0 TXN 56 3/4 0 WDC 11 5/16 0 XCIT 37 3/4 0 XON 70 5/16 0 YPF 26 7/16 0 Record Volume APA 28 5/8 0 BT 68 1/16 0 XCIT 37 3/4 0 13-day EMA Cross Above 50-day EMA ASND 48 3/8 0 NOK.A 83 3/8 0 PLL 22 1/2 0 PVN 80 11/16 0 RDRT 8 9/16 0 SEG 24 11/16 0 Record Price High BA 33 13/16 0 EMC 61 5/16 0 Dividend Declaration BT 68 1/16 0 Close Below the 13-day EMA CCL 30 3/8 0 DS 29 7/16 0 ICST 10 0 Stochastic - Bearish COO 18 9/16 0 MAK 15 5/16 0 WDC 11 5/16 0 Record Price Break Outs EMC 61 5/16 0 Gap Up EPG 33 0 LGND 10 1/8 0 NOK.A 83 3/8 0 PHG 53 5/8 0 RIG 32 7/16 0 XCIT 37 3/4 0 YPF 26 7/16 0 Close Below the 50-day EMA MAK 15 5/16 0 Record Price Low MTSN 3 17/32 0 Gap Down SHG 8 11/16 0

To: IQBAL LATIF who wrote (20665)	9/25/1998 2:48:00 AM
From: IQBAL LATIF	Respond to of 50167

1040- test if we break 1080-This is what I said about the markets- this is exactly how it happened yesterday-- we had solid bounce off 1041 on SPZ- below 1067 I had some call put combo which I squared towards the end-- in our opinion 1040 even what is happening on Globex may hold-- Europe is still noy open but German elctions looming on markets may soften the markets but anyway I would think that yesterday sell off came back up very nicely and the close above 1052 was also very positive-- If 1035 is also tested I will not pull the trigger only below 1018 I will go for that big short trade-- that would mean another 250 points drop on DOW-- my contrarian trade would be to buy 1130 at 4$-- just throw some money away--- if we hold 1040 today and German elections show no big surprise that pre will almost double-- but the following limits need to respected- Thursday, Sep 24 1998 3:29AM ET Reply # of 20678 Beeble- 1080 I think that if we are unable to crack thru it in two days we go and test 1040-- - 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--