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

To: IQBAL LATIF who wrote (22876)	1/25/1999 12:45:00 AM
From: oexplayer	Respond to of 50167

Hello Ike, Excellent analysis of the triad! Nice to see such resilience in the Nikkei today! Are you holding a firm stop here at 14,100 on a double close? I'm playing this trade tight, just as my trades in the U.S. I don't now how much longer they can keep the U.S. market up. A contact in New York tells me the pits are selling the rallies, and have been propping the last few weeks to encourage equity investments by 401k's and IRA's? Have you spoken to your guy's lately? Chart's say to watch carefully and play with tight stop's! Test of 200 EMA is infrequent, but common several times a year, so I must play this market with an extremely tight leash! I like your support areas, and will watch them with great interest and hope they hold. So much easier to make money long, even though Puts seem to pay off in a much quicker fashion. Do you subscribe to the correlation between the INDU and the DJT (Dow Theory)? I realise your a trader, but was wondering if you would be so kind to share your macro opinion for 1999 with us? In a similar fashion as you, I don't describe to be a bull or bear, but just play the cards that are dealt by the market. As you pointed out earlier, the Acampora's and Favors of the world are often the last one's to the party. So as "IDEA" has done in the past, it is often a good thing to fade their wisdom! Sorry to ramble, as I am a bit exhausted. Though I must say my opinion has changed this weekend as I see no indication of an imminent improvement in breadth, and as such am seeing the 1100's very soon on SPX. Also agree with your synopsis of the aforementioned markets being crucial to the U.S, Europe, and others in the near-term. Maybe the boys will try 1278 once more, but I see that level as a slam dunk trade on the short-side! Interested in your opinion as always Ike!!!! All the Best, Kevin