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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (4054)	12/10/1998 9:23:00 PM
From: AlienTech	Respond to of 43080

Who is IKE? well.... Tough question.. But if you can figure him out its good which is even tougher.. I think.. ?? Well I dont know. >> >>To: +IQBAL LATIF (21878 ) From: +IQBAL LATIF Thursday, Dec 10 1998 4:27PM ET Reply # of 21901 Thanks Harry= Thanks a lot- you hit it on the nail- when every one is going long-- Thursday, Dec 10 1998 4:23PM ET Well brother Ike, We grab this one by the balls again. Did you get my direct e-mail to ya that I sent last night? how does the saying go? If Mohammad (Dow) won't come to the Mountain, the Mountain (composite) will come to Mohammad. Or how about First in Last out (Nasdaq) Last in first out (dow) ggg Just when everyone was getting euphoric we start to cover our asses, wear condoms, increase protective measures, etc... Now lets have a gap down for Friday and rally back up for another feeling good weekend ahead of impeachment FEARS... maybe not... but lets hope... For the eternal optimist ggg... these level gives us a better runway towards the spx 2000 millennium... ggg Thanks for your spoos post on your thread... Have a nice evening... Be well, "harry-kari... aaaaaahhh tora tora" <<< To: +Nat Nithi (21880 ) From: +IQBAL LATIF Thursday, Dec 10 1998 4:24PM ET Reply # of 21901 It took a lot of fight but we did close towards 1177.40. a shade below 1178.60 the 20 days MA-- Bhumboree is born how long she will dance depends on factors which we shall be discussing on this thread in details, I hope it is a short one like Irish 'rain dance' quick and enchanting.. ofcourse like always it will depend on what we have to say on the market direction..ggg- she will dance until the snake charmers stops the flute, at the moment the charmer has just started the music, if it has strength this 20 days break should turn out to be false break- we should take this overhead 1178,60 otherwise like DOW after probing for 5 or 6 days and after inability to break that 1195 we will go down to 1160 on SPH.. it was clear like a sky and that is why we decided to bring out the dancing queen 'bhumoboree'... << To: +Options Jerry (21877 ) From: +IQBAL LATIF Thursday, Dec 10 1998 2:50PM ET Reply # of 21901 Too early- the objective was to double the double until that happens nothing to cheer about, lets see if we can read it right, for me I am sacrificing my out of the money calls those were anyway in my mind a token of gratitude of my bullish stance to the market, I did not want market to get upset with she never likes when my money is not on stake ofcourse the real fun would be trading the long one form a good entry, the market cruel mechanism rarely allows it but may be this time we will be lucky.. SI made me smart and I should thank everyone who has been so nice to me... all the time- I remember JT telling me Ike your bhumbo is great but it would lethal if we can get reversals with equal ferocity my reversal term would be 'bhumbooree' this is reverse bhumbo and I have christened with a feminine conatation.. Please welcome 'bhumboree' birth to the world- I hope she may not die as a premature babby, we need to save her from all evil of bulls...ggg << But here's the good parts.. To: +Options Jerry (21875 ) From: +IQBAL LATIF Thursday, Dec 10 1998 2:28PM ET Reply # of 21901 SPH 1179 for me is critical- if it breaks than we go lower. Look at current month i.e march contract I would think 1160 is critical also if 1179 is taken out and if all this happen just watch for the fun to start, 1160 the next move on March I would think if we crack that we go to 1115 possible and good outside chance.... NDX 1580 is the 20 days and composite 1960 with INTC and IBM down 2 each we may see some further softness, I would like your attention to be drawn to CRB index making new lows after three cuts that is something not very healthy and notice the divergence of 30 years I grade bonds yields at 5.65 with TB at 4.96, my premises has always been the convergence of these corporate bond yields and TB's with these widening of the curves, something someone is noticing and therefore my caution was high. You must have noticed my very cautious attitude and it is based on several things I am looking at market. I sold my Korea positions after a decent run and also took out Taiwan Singapore and Hong Kong, I will like this deflationary movements of this CRB index to stop falling they should find support somewhere otherwise add to this the 'impeachment uncertainity' although it is no big brainer, the Ericcson's warning, the Mercks, Sears and BA worries and you have making of a move down. I have been cautious and happy to see some more cautions but I want to catch if anything the top once for a change.gg I think I may be on verge of it..gg I was getting last time all these warnings at 890 and I could ignore them but to be warned at new highs is not something that I will like to burn my money on, once again I am extremely happy that TA was pointing to new highs and Jury is still out but at the moment the 'bulls' have some serious questions to answers, I throw an open challenge to the 'newly converted bulls' to give me good reasons for market to go higher, ggggg I am sorry I sound like Ralph Accompora.. What an irony old bulls were leaving the party the bears entered a bit too late for the fun to hit the fan. I am just joking Ike is turning bearish last time this thread did that we were quoted in WSJ..ggg