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

To: IQBAL LATIF who wrote (24471)	3/18/1999 8:24:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Getting up in a uptrending market...without being whipsawed is an art, here is our classic example of the proceedings last night.. June 1330- Like a magic we all stayed long to 1330--I said earlier in the day, now look at the long prediction and also the levels which if wouldhave taken out would not see SP June contract at 1330. I wrote in the morning that..Thursday, Mar 18 1999 10:18AM ET Reply # of 24490 <<When it is least expected the run comes . So I am here to tell you about the sharks when they are going to enter the poor locals my friends will get out at 1323.. ,>> First the biased was identified.... than reason was highlighted...why? Those who thought return of Oct blues as Nikkei closed lower on profit selling were surprised to see no inflation and strong economy being re-confirmed, this is one heck of a combo OSX rearing to go higher and broad market looking to break but all said and done take care of this below 1288.. otherwise we can see these volatile test but the direction is higher.. Mid session report highlighted the pits getting out and the real money coming in.. IQBAL LATIF on Mar 18 1999 1:24PM EST The guys got out at 1320 as promised, right now the real buyers are awaited in the market, the path of least resistance will be taken by the market . It is now the big money if they buy we take out the old intraday high and go towards 1330 my level for long, if we fail we drift back to 1306 area, if Europe and Japan selling could not break this market I doubt any thing else would. Before that the level was fixed in the morning as--- Thursday, Mar 18 1999 10:39AM ET Reply # of 24490 Yes- they want to run it to 1320 they are long, in the interim if rally falters we get out below 1299 below 1288, I am definitely out and see the action tomorrow, but I will watch the mother of techs SOX action if it stays above 372 and NDX does not break the 2040 support I will not be much bothered Thursday, Mar 18 1999 10:18AM ET Reply # of 24490 According to pits locals this market is going to go higher when it is least expected, the pits have been buyers on the opening and will sell around 1320-23 area, if 1323 is taken out go long, after that level whole different breed of players take the bids higher. When it is least expected the run comes . So I am here to tell you about the sharks when they are going to enter the poor locals my friends will get out at 1323.. , Those who thought return of Oct blues as Nikkei closed lower on profit selling were surprised to see no inflation and strong economy being re-confirmed, this is one heck of a combo OSX rearing to go higher and broad market looking to break but all said and done take care of this below 1288.. otherwise we can see these volatile test but the direction is higher..