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

To: IQBAL LATIF who wrote (21458)	11/17/1998 2:51:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

My post on rate cut--I am leaning towards a cut for reasons -----looking back and judging was I correct what I was basing my strategy on... To: +IQBAL LATIF (21421 ) From: +IQBAL LATIF Monday, Nov 16 1998 4:23AM ET Reply # of 21465 Market looking good, ASEA doing alright and Japan has been consistently closing above 14200 making it kind of habit building a base to take out the 14700 level, same with HSI after a set back looks like going for that 11000 level again, I would consider market is quite fragile as far as AG actions are concerned I would like to suggest that global markets who follow the Us closely consider the cut as most important for a move forward but I would think that cut will only come if it merits, if the liquidity crunch still exists the cut will be on cards, by the look of things the cruch is still around the yield convergence have not taken place so far and AG would like that convergence to begin tomorrow cut in my opinion is possible because Fed would like to send a message that this is a new environment, the only problem I see from not cutting would be a change of stance interpretation, that given I would go back to my old argument that he does not cut now the market after some initial volatility will take it as a positive sign, AG will most likely have much less of a chance to cut as seasonal employment figures mask the real economic numbers in DEC, so keep your fingers cross and expect for the best I am leaning towards a cut for reasons the first two came, however I still think that we are giving far too much importance to cuts the market is exactly behaving the way it did last time at 1130- it iwas quite a long time before we broke this resistance decisively and it was not before we had three tests of 1090 intradays.. so for me I remain very much tied up with my trigge indicators and will watch any break of those to short for a small ride down but will be equally be nimble to reverse at 1390 on NDX....