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

To: IQBAL LATIF who wrote (23506)	2/16/1999 10:47:00 AM
From: Labrador	Read Replies (1) \| Respond to of 50167

PDX -- Down $21 today -- overblown -- accounting problem on merger costs -- expecting a one-time charge -- fundamentals still there -- just bought 1,000 shares @$26. any thoughts. looking for $30 by day's end. moving back up.

To: IQBAL LATIF who wrote (23506)	2/16/1999 10:54:00 AM
From: Labrador	Read Replies (2) \| Respond to of 50167

PDX -- up to $27 and moving quick. investors are recognizing the hit today is overblown. any thoughts here?

To: IQBAL LATIF who wrote (23506)	2/17/1999 8:35:00 AM
From: IQBAL LATIF	Respond to of 50167

quote.yahoo.com^NDX&d=5d...In my opinion as I have repeatedly urged that 1923 looks to be a good support a break thru this can lead us to much lower levels..

To: IQBAL LATIF who wrote (23506)	2/23/1999 7:06:00 AM
From: IQBAL LATIF	Respond to of 50167

Upteenth time the world said 'we go down', and right now as we hit new highs on DOW and look back just last few days, I enjoy my posts to my ownself. We are right back up making new highs and the way to this juncture without huge pain rather lot of gains has been watching supports and resistance's, it is unfortunate that simplicity and clear approach is scarificed on altar of 'emotion trading' or 'I feel it' the world is going to crash. Pepole like us who open our 'cyber shop' every day has to have every day a strategy that works, an opinion that hold's. In market remember this that all levels are always seen one day, it is the timing of one's levels which makes a good trader and a trader who fails to capitalise on opportune time to go long within a bull trend always look at the dust trail left by the fast moving market. Trading I wish could be complicated, it is simplicity of the market which is overlooked by the majority, as I always have repeatedly asserted if computers could define market direction all software specialists should have been billiobaire's they are not, money making is a simple exercise those who complicate it take it on the face many a time's, this last one yesterday would not break their resolve but it is clear that it is simple approaches that work in market every thing else is noise.. I wish the market would reward majority and I feel it 'fly by night'watchers, for me the market rewards integrated levels approach. Amidst total gloom, yesterday's 3% move in DTX could not be better envisaged.Let my simple posts speak for themselves, time and again this will remain the most nostalgic part of my thread, the calling of the point of reversals. I take immense satisfaction and in an effort to raise the hurdle continue to highlight these posts as to remain in top form,.. Now at 323 the index long is working great, nice to see that I wrote <<200 days MA and 50 days MA confluence are most trickiest to tackle and most rewarding if you get it right, here I see a long trade on DJT >> Tuesday, Feb 16 1999 8:45AM ET Reply # of 23765 This support of transportation index shall hold.. quote.yahoo.com^DJT&d=1ym A break below 3054 or atleast two closes below 3054 may take us to 1080 area, but in my opinion one needs to look at this support and expect it to hold like 750 of the BKX did..200 days MA and 50 days MA confluence are most trickiest to tackle and most rewarding if you get it right, here I see a long trade on DJT with a stop loss at 1210 on SPH... A long call with exit if 1210 is taken out rather 3054 on two closing basis. I see $ strengthening and most of safe haven currencies losing ground against $ like swissy and sterling, Ministry of Finanace in Japan announcing the buying of Govt bonds from mid March and I am watching banking results in UK with interest it sum of is all telling me that markets may not sell rather DJI support at the 20 days ma 9270 or 50 days at 9100 shall hold..This watch is a bird's eye view watch and needs to be very carefully looked at as new mantras to resolve the direction and next move of the market does not seem to be in short supply.. RUT should show some signs of movement but taking out 402 resistance, I expect that to happen, if 9100 and DJT 9054 and 390 on RUT is taken out I will think that we get down to 1192 area in first step and may test as low as 1080 a major support..on SPH.Global indicators alongwith US indices are best tools to play this market..

To: IQBAL LATIF who wrote (23506)	2/24/1999 8:43:00 AM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

I would like one index to be watched carefully if this move of composite above 2382 has to sustain its momentum and if we need to see this resistance been taken out we need complimentary signals from lagging indexes like RUT and DJT BKX. A weakness in all of these should be exploited for a re test of 1252 SPH level. One most important index is RUT-2000. I would also like DJT to maintain the support at 3160. If these supports on DJT RUT 392 and BKX 815 are violated I would like to run for cover until 1251, where I may leg out for a recovery. I think it is imperative that RUT moves up to 828 within next ten sessions, I would rather like RUT above 402 asap if 1278 on SPX is taken out.If RUT keeps lagging I will like to buy some 1250 puts for March anticipating that we may have a false break to test 1251 before we take out 1278 or 1290 on SPH, I know that premium does not warrant this huge gap in SPX reading and SPH. I am using SPH for intra-day long positions and SPX for position long. I would think two closes above 1278 on SPX will give us a good signal to long. If we take out SPX 1278 on two closing basis we go much higher on SPH as I have indicated it is 1328 area. I would think DOW first resistance would be 9646 area.