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


To: oexplayer who wrote (21053)10/26/1998 5:16:00 PM
From: IQBAL LATIF  Read Replies (3) | Respond to of 50167
 
Kevin-- Disregard the posts on SI-- my new positions will take cue from composite, we had solid 31 point move today, DOW will not be able to ignore this for too long we are moving towards 1755 reisistance. I would think that one should keep a stop profit below 1655 on composite on the new positions, but will I like to give up on |NOK.A or IBM or GE I would think that let the market show me the direction, I will watch and see and be a part of this run moving my stop profits higher, as I predicted many times one cannot take a cue from DOW it is a composite and Rut lead rally as month end statements start comiong in more money will follow, I would think that Nov will see some good rallies as retailers come out with smart earnings, one cannot emphasise on parts of markets which are lagging, we are in the parts which are moving very solidly and in my opinion taking quick profits is not in order, I have kep a very generous stop profit at 1650-55 area until the time this level is breached I will let my positions tun...