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

To: oexplayer who wrote (22733)	1/20/1999 2:06:00 AM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

On Nikkei I expected 14000 to be taken out and that has happened, now my target is a close above 14100 twice and we go up to the forbidden level of 15000. Nikkei has been thorn on my side and I will like to see that my bottom picking here may be timely this time around, already Soft Bank I highlighted here is full 8$ higher and Olympus a bit lower but I expect them to get going..My 130 puts on JPN and 145 calls on JPN are working fine.. On FTE I see a bullish formation the chart looks great and I expect this to take out the new 100$ mark soon, my level call was 75 long calls and I reiterated the positions last week at 75$ I see one great move possible here on FTE just nothing but chart gives me an indication, I am long and expect to ame good on this call.. I will like SAP to be watched carefully, I addded new positions at 30 put and call combo sold 25's and bought 35's at near year lows.. I expect this to move very qucikly.. My BKX 50 puts of 750 were closed as BKX broke thru 811, I was thinking that MER and BOA numbers must have given bad name to Banks, but the fact remains that in comaprison to 97 last quarter the picture looks ugly but I see a lot of green offshoots when I compare the numbers with third quarter of 98.. So BKX is sold on ignorance and I have pointed out that possibility to JT.. fwiw... I think great test of 800 nice base building in progress and a close 772 200 days EMA points to be in trending bull market a sector about to explode but I will cut all positions below 799 two closes I will long the darn thing big time if 772 is tested..On BKX and 1150 naked puts I made absolutely great returns but I will be looking to long the BKX above 817 today I think I will classify the break of yesterday as false break if I get this 815 taken out.. On SOX this is just great 401- which I wrote and I highlighted three months back is the mother resistance here but the SOX is ready to take off...to 430. RUT I think we are preparing for that assault to 457 area my 427 is now a base.. I am following it very throughly.. I see a trade possible in PKF-- I think we will see it 21/2$ in two months, volume traders can move in but cut it out below 17/8.... On SPH I was delighted to see my 1255 finally taken out, I told Ray not to disturb me last night after he took out my naked puts at 1254 break when SPH drifted to 1246 area.. I was long SPH above 1249 I think my order should have triggered as I see SPH above 1255.. and now on globex even a little higher... I see opportunity in small stocks the market is great the morning Clinton state of Union was simply great .. a master piece work from someone I have come to admire inspite of his failings as a person.. I will be looking to see 1292 test and also will be loking at these great numbers which are leading to revision of estimates.. with love and regards from Pakistan... FHS was stopped as it broek thru my levels on the downside but I am watching it carefully and take care Kevin.. Ike ....