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

To: J.T. who wrote (20809)	10/7/1998 2:31:00 AM
From: IQBAL LATIF	Respond to of 50167

JT-- you are a worthy standard bearer of this thread established credentials as a no non-sense read the reality thread--- One of the greatest post-- what a prediction ,,this is not possible form just anyone------ J.T. on Oct 7 1998 1:06AM EST IKe, what a wild ride today from top to bottom and back... A day where I am thankful to have done nothing tradewise as this battle going forward with bulls/bears goes on. For tomorrow I think we have this nice "one day "bhhumbo"" where the gains will stick across the board and 7850 Dow will be taken out on a close, SPX back above 1000 and COMP thru 1550. Nimble traders like you can have a field day with these wild swings and I don't consider myself a nimble trader. Market momentum now is summarized as hourly chaotic gyrations amongst heavy hitting traders where it used to be weekly unilateral direction. Throw today's action out the window and I believe your previous parameters are still in play. JT

To: J.T. who wrote (20809)	10/8/1998 8:45:00 AM
From: J.T.	Read Replies (1) \| Respond to of 50167

One day "bhhumbo was not in the cards look at breakdown of key indices of COMP, SPX, BKX, SOX et all .. This was broad-based except for resiliency of DOW. Now this will accelerate downward and DOW will surely play catch-up to other indices and an immediate test of 7550 which in all likelihood fail on this latest attempt. Nikkei played two-day game of smoke and mirrors and with resquaring of positions IKe mentioned in previous post. I do not like this next and potentially very dangerous next three trading days as the downdraft will accelerate. 6600 Dow, 890 SPX, 1300 COMP and 2150 TRAN are now very visibly in the cards. This is only one man's opinion and not to cast a spell of doom and gloom. Only greater potential down the road. JT