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

To: IQBAL LATIF who wrote (24065)	3/5/1999 1:47:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

The story of 'Hyena's' the long short sad characters...gg IQBAL LATIF on Mar 4 1999 11:56PM EST---<<The important issue today is what happens if the number is really strong and we see no inflation, initially even if market test 1235 area we go higher in the afternoon to hit 1255 resistance.>> Of the three scenarios I had painted this is what is unfolding right now, if market forecasting is about scenario building. I take great satisfation to achieve a new height in forecasting market direction. I am well aware of its 'thankless nature' but the ensuing rewards are so immense and wealth increases at such a high rate that I am forced to thank this thread which has made me a great planner of the market moves. I am happy to go back to my trades and look at them if my planning has taken into account a specific move, the day I forget some important change I am sad, not for the lost opportunity but for the inability to read the wrong one. I also say that we had strong number but the strength was kind of compromised as unemployment rose instead of declining to 4.4. The most important factor was downward revision of Jan number on hourly earning and ofcurse my prediction that market is looking to go higher fits in so well. I predicted in my post that 'NAPM" number has settled the issue of pricing, although it was not highlighted I on this thread made it sure that it recieves duw importance. Now concentrate on the other part of my post.. <<My target today would be to analyse the number in first few minutes and look at the hourly earnings and than trade on the side which is the side of least resistance, I will be most probably a contrarian. I took advantage of yesterday move in SOX and got out of SOX naked 390 calls for a good profit, I thought if we move higher today like Jerry points out I would be able to sell hard again only to hedge my exposure and recover long call premiums for July from March indexes>> Now in first few minutes of the number I had prepared for it from yesterday, I had bought back my naked calls which looks to me a great decision. I was sure that market needs to go higher on one hand our thread continued to resist the notion of 'big time short' as conventional wisdom demanded, everyone from 2nd March posts the 'gurus who were short' and predicting all hell. Today this break and resistance at SPC 1278 shows that what is the potential of this market, look at the prices of the put purchased on 28th to 3rd of March, anyone who did that must be reeling with losses.But SI heroes never suffer their are 143 ocasions when they bought puts and market turned big way but no losses are ever recorded. The bear/wolves in disguise try to tear innocent bull/lamb aprt, my duty to save them from these perpetual 90 out of 100 trades short characters, at 9.10 AM on 5th of march without impunity they are long, non-sense if every one else can live with it, I will tell them .. keeping fooling your selve you were never short you are neither long.. where I am aiming this . it will get their straight.. They have been hit so hard that they will remember that market is not about fooling innocent SI followers or moods 'I feel like shorting the market. The betrayal of public trust and taking people to ride is as bad as pumping and dumping, those who do that suffer form their own medicine but the most unfortunate part is that they are not trading in the direction of the posts. I wish they would, and I would like this to be highlighted so as these 'characters' are exposed. I am a self styeld SI resident expert in exposing 'charltans' and I have all these posts from 1st Oct 98 to 8th Oct 98, and 20th Oct 97 to 28 Oct 97, and sixteen other time they have been always on the wrong side of the market and they still manage to live someday these posts will be posted, kiling great threads is one way to bury the past but fooling people without instruments and knowledge is betrayal of highest order, ask these shorters from 24th Feb to 3rd march what happened to your puts.. Long now they are neither long nor short.. and I want to let them know -- I know it all ... I know your tactics - stop it.. enough is enough.. SI small investors deserve much better.. The market today has showed these gurus that market is about rational thinking, a processed approach, an engineered response. The bears who burn like 'wax candles' with their short positions time and again will get exposed as they have nothing but deception to sell. They have no idea of what is market all about, how to determine a directional trade! I want to go on record that this thread is commited to orginality of thoughts, a candle of hope amidst prophesies of gloom and I will make sure that as time pases Idea will be like a leader thread to educate more and more people from mantra of self destruction. 'Voodooism' and 'chartalalism' will never work, neither would be you scratch my back I scracth your's strategy, a GREATER union of these dime a dozen experts ready to pounce on any one who show them the mirror of their nowhere to nowhere posts.. Idea can see thru all of this, and I will never ever forget to stick this 'honor of loss' for matter of record, read what they said on dates specified, and see the story of self inflicted pain written all over their records..Love and regards .. the defender of the spirit of SI.. the cause of small investor...gggg Ike Addendum---Markets can be up or down 500 or 1000 minus I think it is important that rational thinking has to suported by full disclosure of analytical proceses, if their are any otherwise just keep fooling but I know it all.. I have all the courage to register it here on my thread.. P.S....By the way the pits think that this gap opening should ideally be filled, so we will do that by Tuesday.. so don't worry.. long at 1251 is the trade and cut it out at 1245..1278 once taken out will be great we need another close up their and we go to next obstacle.. fast.quote.com