Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IQBAL LATIF who wrote (21259)	11/5/1998 4:13:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

What a move, I was watching this thing like a rocket launch, 8800 and 8900 taken out on the same day. I honestly thought that 8886 or 1138-40 area should have held but the way buying came in was tremendous now lot of money is still on side lines --one close has already happened 1130 is half broken RUT is in a explosive mode nad the victims will go back look at the charts and will understand if BULL like Ike says if 1130 is taken out on two closing bais all bets are off.. The only grace would be some weakenss in ASEA or Europe but with this kind of close who will like to short the market, the hedge funds are licking their wounds and market is roaring - what a move this is thr revenge of the markets, the markets and hope roared back -- instead of 6300 we are at 8915-- welcome to the world of reality SI shorts..... in morning I wrote that a minor bhumbo will be OK we got a major one the bhumbo got really bad towards the end...

To: IQBAL LATIF who wrote (21259)	11/5/1998 4:15:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 50167

IQ- Got to hand it to you..You called it like nobody else on SI....... since we got that key close today what would you buy calls on? B*

To: IQBAL LATIF who wrote (21259)	11/5/1998 4:16:00 PM
From: Thomas Winklhofer	Read Replies (4) \| Respond to of 50167

Hello Ike, how are you? I was sidelined some time. From time to time I was reading your excellent view of the markets. After a small correction, I think 8500 for the dow would be a good chance to go long. As you remember I was the guy playing around with the RUT stuff ;-)) I'm still doing that. Now I'm working on a new idea: It would be very kind, if someone on the thread could help me to find a data source on the internet for the realtime data of NYSE # of Advances NYSE # of Declines NASDAQ # of Advances NASDAQ # of Declines I would need that data at the closing. Next day is too late. This is part of a new trading system. Thanks everybody in advance. Thomas

To: IQBAL LATIF who wrote (21259)	11/5/1998 7:48:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 50167

Barton Biggs said "rally is Over" Yesterday, the known foreteller of Morgan Stanley Dean Witter said the rally on Wall Street is "over". Remember, Ralph Acampora of Prudential said we wont hold the 7400 level and said we were heading towards 6300. His prediction came a day or two before the DOW was around the 7400 level. Has anyone been following O'Neill's Investor's Business Daily, who vowed no more than two weeks ago that the DOW wont hold above 8500 and will fizzle out, and unequivocally termed this rally as a bear market rally. (The story since has made a complete turn around and following in the market direction). The last surviving bull of the wall street(except Iqbal), Abby Joseph Cohen had to finally convert and lowered her S&P earnings, last month. Just moments ago, a noted technical chartist on Bloomberg said, 9300 will have to crumble before this rally by the end of this year. Besides, this analyst went on to say that several Fund Managers are "little behind and are aggressively buying on any weakness". What happened and who should I listen to ? By the way, I respect these prognosticators, the best they provided was no more than a running commentary of the current situation than any future insight, while this lesser mortal remained an onlooker listening to their prognosis with several missed opportunities while Up/Down. Narotham Reddy