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

To: Jerry Olson who wrote (23567)	2/17/1999 1:19:00 PM
From: IQBAL LATIF	Respond to of 50167

Pessimism cleans out of lot of dead..let them come..420 is my resistance of SOX, BKX is looking good..DTX 317 much above my entry- 50 days MA support at 311 and 20 days resistance at 315.5, just crossed 20 days 317, it is a buy..

To: Jerry Olson who wrote (23567)	2/17/1999 1:31:00 PM
From: IQBAL LATIF	Read Replies (7) \| Respond to of 50167

Smart money makes money, on opening dumb money gets short on reflex action, imagine yourself in a car, driving to work and away from Idea, the first thing you hear on horrible globex opening and CNBC draconian music is to get short when market is down 10 point, but look always at SPH the higher lows 1215, 1228 1232 and now we see at 1250. This tells me only one thing someone out their is buying at lows, one needs to be careful let market show you the direction, if it has to break let 50 days MA on DTX is taken out or BKX breaks thru 788 or 1235 is taken out or 1923 on NDX, it is mass pesimism on which smart money thrives and one needs to be on the side of smart money.. It will never lag because it never makes market reading so difficult that simple analysis is just overlooked, watch out for SOX 392 they may try to rattle some soft hands and take it to 382 area but it is one hell of a opportunity as far as other indicators are go.. It is therefore for me SP9H the most important indicator and other indicators are forward warning signals. we should take cue from them but not be a casualty of these globex actions.. cut through the noise is one important thing for a trader..