To: steve susko who wrote (24659 ) 3/24/1999 3:28:00 AM From: IQBAL LATIF Read Replies (2) | Respond to
Steve I wish I had this magic wand to tell you how many points will DOW sell. In actual life things don't work that way, when I gave my first bhumbo prediction I called for that 1030 level nearly quite some time back , in a uptrending market I could see on basis of my fundamentals a possibility of such a long call. Again I nailed 1230 and 1330 and it was fundamentals supporting the move up.. I was out on Friday because I thought Kosovo will come in to foreplay in ext few days I posted the problem and decided to pull the string it was at 2093 level on NDX, now I think I will be wrong to predict a move beyond my capacity, for me I have these oft repeated levels I will work with them, market is a fluid place and I would like to maintain fluidity of movement in day trading techniques, fossilized ideas and petrified levels don't really work. it is thinking game, it is about keep thinking and making the best of what market gives you, as I say no one is bigger than the markets, humility demands that one should not forecast the direction of the 'juggernaut' but to be a humble appreciate of market change of modes.
