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

To: James C. Mc Gowan who wrote (21938)	12/15/1998 10:30:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

402 proved to be too strong a resistance I will wait ofr that break of 1128 on SPH to get out of this possible bounce frame of mind, JPN we had the worst Tanken survey low confidence of bussiness was not expected but it is these levels below which we may not see I think gives me courage to long JPN, I would wait for corporate yields to stop dropping before I change my long term view which is very cautious.RUT is not going to be helped in enxt one week with some losers selling tax selling in more common lingo- so in this background I would work with my levels and be a nimble trader that is what I am right now spending my time on- watching INTC LU NOKA MER but not yest entring let market show me the direction a second close of SOX below 330 will herald for me some woories and the last thing I want is to enter the market I have left- I am making few trades very nicely but chippping trades nothing phenomenol my time will come until than I am watching and enjoying this great market, made some good money yesterday squared long 1154 puts vcould have done better but towards the last five minutes I expected a little firmness it was not to be I could see that my squared long puts were trading a little higher I pulled the trigger earlier but in trading nothing wrong in booking your profits at a support- it can hold as it does in thios market and you get your next fill much lower-- so one never goes bust taking profits......