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

To: Area51 who wrote (23343)	2/9/1999 10:15:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Dear Gary.. First of all nice to hear from you..My strategy was based on following important signals.. << It looks like that DOT below 500 may lead some big selling in internets otherwise a reversal from 150 on Yahoo can take Yahoo to 180..Important thing to watch would be 500 on DOT and a plan would need to be in place if that break has to be fully exploited..We need one close below 500 to execute trades on this very volatile sector, a break above 165 for Yahoo would lead us to higher DOT and other internets stocks>> from IQBAL LATIF on Feb 8 1999 11:18PM EST <<I will short the market below 392 on SOX and 1980 on NDX...for a test of 1222 support although the support is at 50 days MA I would think looking at the intentions and stops I would not mind pits taking the SPH all the way down to 1210 in search of new victims, running the stops and makiing people short is kind of national pass time of these locals..>>from IQBAL LATIF on Feb 8 1999 11:18PM EST The above two parameters formed the crux of my trading strategy yesterday-- the violation of DOT where I wrote a break of 500 and SOX at 392 and 1980 on NDX led me to that selling of 1280's and buying of 1210.. but it was not the first time it was in the later session as we rebounded to 1242 from first test and sold hard in the afternoon as SPH and NDX refused to budge we decided to short the second time it breaks the 1235...I would think that now 1228 is the resistance and we would fail their once or twice before we take it out the trade is to see this thing to 1192..values need to created before anything else..so just if we see 1228 we would like to see it taken out but if we fail we go down to test my lower limit 1192 that would affectively check as low as 1180..