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


To: Jerry Olson who wrote (25311)4/14/1999 12:06:00 PM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
Thanks for your post, great forecast, I was reading your friends post from P&F he was kind enough to help the thread during your one day absence. I think the market will be helped by earnings of MOT, Harley Davidson, Brokerage Houses like MER and LU guiding the numbers with very subtle approach. I am looking at TRB and MCD and CAT they are going to be the biggest benefactor of japan turn around, so I am long term bullish and will play in and out based on firm long trend, of course it takes no time to change gears if 1292 is taken out.. I think all this is part of high level consoldation.

I am only worried that people who have been short are now longing, I would like the market to trap them i.e. rattle them get them short and bring the market back up to 2350 on NDX thiscan take the market as low as 1980 on NDX within a trend.

This is a approach I have seen very often in this high trending market, any ground troop movement or any big bad number can rattle, the shorts who are now long will need to be off loaded, wehn it is something that volatility will define, but the earnings are looking great.