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

To: oexplayer who wrote (22878)	1/25/1999 3:47:00 AM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Sorros as I have been pointing is short of the market,I suspect that he likes to use his 'guru status' to get help for his trade going. After all the debacle of HSI and Russia has left him much poorer and the man needs all the help from the world to restore the credibility of the fund. Internets trade if the rumors were right may have helped somehow. On Accompora he just said last week that it is a secular bull market..his change of mind is astonishing.. but he does not have to loose his job for these flip flops.. good luck to him and his clients.. and lets give it to him, markets are fluid places and dynamics of the markets require change of stance with clarity and concise plan..The only doubt I have is do they have a plan to hedge or not..if they don't, that is something that they need to do.. you cannot take a correction of 40% lying low and invested fully or 60%. one needs to have a hedge and make these moves a occasion for higher returns.. I think Accompora trades like me on daily basis so he has all the flexibility to change gears.. ggggggg I am positive that we are facing a choppy market, however I am also sure that markets don't fall that easily when every one is short..last time when every one was short we had little difficulty reversing as we saw specialist interest showing us a different direction.. Popular sentiment 90 out of 100 times makes the path of 'generally anticipated market direction' more difficult..so market takes the road of least resistance.. which happens to be opposite to what is generally considered as a done deal..I have seen this many a times and have noticed that last time when I got of signals 'get bearish' the market turned the other way around. Luckily we were long OSX at that time and had placed heavy bets on RUT the experience was rewarding but an eye opener for me that the signals on SI are sometime lagging by 72 hours.. With kind of earnings we had and anticipated revisions I would think that if 20 months of deflation has not been able to dent the strength of US. I doubt in a low interest rate environment and non inflaitonary growth milieu much more negative can be excpected.. Anyway we don't have much on the table the premiums squeezed the third time around is what is left and out index positions, all of these reversible within seconds.. we are able to handle a downturn nicely so far I would like to short banking if we stay below 799 today..I will reverse also if 772 is tested or I can let it go to 750.. I will like to short NDX on break of 1917-14 level and I will like SOX to hold this 392 otherwise we may even test 340 within this bull trend.. corrections in the market and a expected bear market run needs to be played with discipline and a design,, I think we have all set and as far as our supports are not taken out at 1228 and 1210 I doubt that we will see that meltdown on NDX 1914 and composite 2320- signals just run negative keep an eye on these two last indexes the crunch will come from these two the SPH will be hit later and insurance can be bought if we see the later two indexes breaking.. Just keep a close watch on NDX and composite those two have to give up to take us to the lows .... I don't think that pits have that much a negative sentiment, most of the brokers do not have a personal relationship with the men in the pit and anyway it is rare that in 'heat of action' they will divulge their close to chest guarded secrets.. so you have to take a lot of these rumors with a pinch of salt. Anyhow, I will call my backyard 'Chicago' today and will fill you in.. The guys I deal with were buying the bottoms and still have not indicated that they are quietly reversing although they are little concerned that'breakfast meetings' are not like what they use to be..ggg