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To: Terry Whitman who wrote (33457)4/14/1999 12:17:00 PM
From: wlheatmoon  Read Replies (1) | Respond to of 86076
 
interesting post from a savvvvvvy trader...

To: Options Jerry (25311 )
From: IQBAL LATIF
Wednesday, Apr 14 1999 12:06PM ET
Reply # of 25315

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.