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

To: Narotham Reddy who wrote (21272)	11/6/1998 3:26:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

In my opinion market forecasting is a thankless job, it is just the thrill of it that we like to know the directions otherwise capitalising on them is rarity.. I would consider some of the guys like System resources on SI as very very sharp and if one wants to capitalise on the market moves one cannot overlook these guys, they are pro's they know what they are doing and are ready to help-- Scott TT Patrick run a very nice thread a very tight shop..to help investors make good decisions on day trading futures one can start with mini contracts or just see how they work.I think an active investors needs to widen its horizon without day trading or dabbling with some kind of index protection or index trades one cannot beat the odds.Yes I agree with you most of the guys feel we are not part of it the reason being wrong company when you are sipping tea with perpetual pessimists you get nothing but a feeling market goes no where- yesterday I was writing on the opening and I read a note market goes down I just thought to write market goes no where we are at 1112 we go up and close at 1125.. it was not magic but only an experience. I would think that we will see a lot of voltalitiy and one should prepare to go long at supports and short at resistances like 1155 if 1130 is broken on closing bais twice-- lot of opportunities on top of the market so for having a good start one needs to watch daily action as pro's play it. I strongly suggest bookmarking of System resources thread a must for traders who want to gradually get into markets.. Market excesses are known to us I will not mind once again suggesting like I have done during previous highs also to sell some 15% out covered calls like Jan if this market keeps going up the stock will be taken away 15% higher it it goes down you have a good protection I do that and use that monet ro buy some puts even if they are wasted.. but at highs it is perfectly normal to buy some protection people remember my long advice but tend to overlook the in between additions.. anyway lets prepare ourselves for the next round this was just a small note in the huge book of market history- market opens every day lets be a part of it.. even if we have not been so far..