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

To: saulmon who wrote (25009)	4/9/1999 12:07:00 AM
From: IQBAL LATIF	Respond to of 50167

Saulmon-- I think I would only recommend buying 'puts' if you have not bought on the dip if we break this 2055 on NDX, or take out 885 on BKX, or say 1323 on SPM, give yourself some room to trade on some of these things for a reversal, I am anticipating a good number today, as I discussed just few days about TYX I would think this break of 5.44 area on yield would take us to 5.25% next month, today and tuesday numbers would have a very keen impact on the market. I think you add TYX watch, since the moment I have highlighted TYX yields potential of coming down I have seen a surprise cut in Europe of .5% and by BOE of nearly .25%, this will lead to solid rally if today number in US confirms the trend of the 'unemployment number'. I think DOT break of 650 spells troubles for internets or IIX 318 break until such time don't shadow the market, buying puts is only good as insurance if you are long, but chasing the market in anticipation of a fall is not something I would advice. Let the market come to you to short.. For aggressive accounts even a break of 1341 can lead us to 1323 area however it has to be 1323 break before you act or DOT 650.