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


To: IQBAL LATIF who wrote (21596)11/23/1998 7:55:00 AM
From: Jerry Olson  Read Replies (2) | Respond to of 50167
 
Morning IKE

Read all your stuff...my read on this market is the same as yours at the moment...any surprise will be to the upside, as everyone is saying, "gee i "wish" this would pull back" so I can get in!!!!...

It looks very powerful now, from the depths of dispair in early Oct...i felt then the markets were very dangerous for unsophisticated traders...now you can throw darts and make money again...amazing 30 days eh?....

Actually things look almost "TOO GOOD" Ike...but as we all say.."don't fight the FED" & "Let the trend be your friend"....

Soooo let it roll onward & upward....My P&F charts are all on buy signals...DJIA-OEX-SPX.....nearing some upper levels though..SOX at nosebleed levels...but any pull back IKE could just be profit taking and nothing else in the scheme of things...

Still enormous amounts of cash waiting for a home...and it could find one BEFORE the end of the year......




To: IQBAL LATIF who wrote (21596)11/24/1998 2:08:00 AM
From: IQBAL LATIF  Read Replies (2) | Respond to of 50167
 
Dear Favors,(a message privately received)
Monday, Nov 23 1998 6:08PM ET

If the Dow hits 9500 intraday, that will mean you have kept me and other subscribers
on the sidelines for 2000 points.

You owe us an explanation.

As I have said in the past, you got me out at the top. But that's no damn good if you
don't get me back in.

Sincerely, XXXYYYZZZ



Ike:

Hope everything is well in your corner of the world! Seems many of the bears on SI are starting to get upset with their gurus! Just one more reason why "Idea" is the best thing going! Thanks for your work, and enjoy the following letter to Jerry by someone who will remain anonyomous!
My reponse--

SI- self styled gurus don't even know what has hit them so hard-- I know the markets it is never so easy to get out at top play your cards well on the way down and reverse. I have evidence which I call 'evidence' of 'shame' these KIDS never got out at top they were never rally invested in the first move up ---they were always looking for caution, the composite rebounded from 200 MA 1472 last time and BKX from 690 - 5 Gurus were shorting that time -there was no question that these guys would unload and have nothing on the top-- even if they did Uncle Sam takes away a good chunk so if you get out and are unable to get in and remain in cash - what is the point in coming to the market every day..???? Why to create terror and confusion when one realizes that he is not even trading his trades? They just don't trade, the only place they trade is on SI-- this is the market this their broker and this their world.. and markets serves them right-

When we retreated in Sept- Oct again the 'charaltans' the disciples of Jerry Favors and Cohorts of Accopora mislead everyone by asking people to buy puts at the bottom a fatal error for a trader at
1320 even a FOOL would not do that considering the volatality - my posts on 28th Oct and 8th Oct are clear-- see them they ask IBM DELL Europe CSCO LU short-- Banking shorts were encouraged at the lows- those who have missed cannot realise what a fun they have mised I have never seen anything quite like it and SI gurus the prophets of deciet are reponsible for many readers to stay on sidelines- they made SI den a shorts- It is for this chirping never seems to die on these threads the people who left the train at 1320 at 2000 are asking are we going to be the part on the way- yes but I assure you as I have written that I the bull will place one of the biggest trap on the way down I told them on 7th Oct this is a bear trap they made fun of me that I have lost touch and on 8th it came down to that once in decade chance we all talk were we a part of it or out it- you double your wealth at these lower levels - they missed it and they have richness to gang up-- Read these 5 gurus of destruction messages grom Aug to Nov and compare them with moine it is fun I beat them on every count fair and square.. I feel good about it..Accompora Jerry and Kurlack are icons of that power which gets entry to their clients at the very verey lows they could not and they still call this market a bear market..