To: IQBAL LATIF who wrote (25230 ) 4/12/1999 2:43:00 PM From: IQBAL LATIF Read Replies (5) | Respond to of 50167
When Globex was down 22 points and composite was down 52 late last night and when the market opened I said go long the floor is long and we will go unchange. The bonds were up huge but I said look at BKX and RUT, the signals were all set for a big move down and 'ABU' was being readied, but Ike bhumbo got the best of ABU destroyed in the launching pad. 100's of buys on the lower opening did it as I say fleecing the shorts is out favoutrite past time. Fatally wounded shorts are looking at the carnage 'upside blowout' left behind by wrath of Idea of the day thread, the thread of threads, the revenge of markets. This thread once again showed its prowess and its correctness of calls based on changing parameters of the market. This is the thread that is right on the money, the one that is a must read. I also said I will take these guys 'shorts' to cleaners, all this cheer leaders around their guru 'Jerry Favors' who got his clients a little too early out of the market are now looking at SPM 1368. The fun continues and finacials look like making the run my recommendations like MER AMEX JPM WFC C bought at real lows are flying but I modestly say this is one other day of trading, tomorrow is next, these kind of successes are hall mark of this thread, we may have won the battle the war has to be won. No need of dancing too much this is just an eye opener never believe in Globex, it is manipulated by the vested interest, it has no volume and small trades result in huge price movements.No need of losing sleep on Globex next time. Look for that fundamental change, like inflation or ground war in Serbia. As promised I delivered, look at BKX 916 RUT 413 and this is what I call as magic of 'Ike',, I pray to God that for my own benefit and benefit of many on this thread this canny ability to call my continue. AMEN..