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

To: IQBAL LATIF who wrote (26408)	5/21/1999 11:36:00 AM
From: J.T.	Respond to of 50167

Utmost thanks, Ike. They are trying to keep a lid on this market best they can thru expiry. Next week is going to be a doozy. Catch you later. J.T.

To: IQBAL LATIF who wrote (26408)	5/23/1999 9:33:00 PM
From: nicewatch	Read Replies (1) \| Respond to of 50167

Ike and ALL, Updated SPX, TYX charts geocities.com as always, feel free to comment or throw stones.... I've been away from SI for a while. Talk to you later, take care Regards, Frank

To: IQBAL LATIF who wrote (26408)	5/25/1999 12:02:00 AM
From: IQBAL LATIF	Respond to of 50167

On bhumbo formation.. of IIX I picked up quick highlighted it and now enjoying the fruits of it... on shorting internets below DOT 615.. you just don't get betterthan this... ggg from IQBAL LATIF on May 21 1999 11:32AM EST << IIX on Oct 98 trend line unbroken.. Feb 99 low and April 99 this is valid and intact trendline if we break this we go lower, this coil formation this will explode whichever side it will break, this coil which ever side will be explosive, a violent break on upside or a violent break downside..take care.. interesting formation... >> I would have loved to throw money on internets I liked some of them however I resisted, I am ready to go in but i don't go in at any level this is one thing I havel learnt hard way, when this thread use to super bullish thread now I wait prepare the trap and will enter with lethal combo, I am trying to define an area in trading not many people venture with such formidable results and I go back look at my posts and enjoy it, it is nice to acktest rewrite it and seeing it working, when I spend time to what may look to some thousand of words I am plotting a strategy, I look around my trading full 14 hours before market opes, devise my plan and make a killing, the moment 1322 was taken out I was short, sold 1360 for 9 and bought 1300 for 22, had a huge profit, but I had already highlighted it not one time many a time, the levles work like music, IDEA remains ahead of this trading game and that is why I think and write, and the more I think better it is, posts like this keep raising the bar to keep going... I just pat my own back and say Keep it up Ike.. To: +Beeblebrox* (26400 ) From: +IQBAL LATIF Friday, May 21 1999 10:52AM ET Reply # of 26458 Lets see if IIX holds at these levels, if 615 is taken out on DOT we have a case of short in internets, the problem with most of these stocks is that they are momentum stocks, lot of momentum players play it heavily, they loose premiums and gain premiums like a taxi meter, perhaps since last few days the market is locked in a range, this is exactly like what we have seen earlier also when market wants to consolidate at highs. These stocks do not trade on retracement or on a model I would trade them based on two indexes like IIX and DOT, if the index supports are held we will see above 632 a lot more interest, above 652 is definite trend to 700 but lets watch what happens here, if supports are taken out we can see them retracing further but some stocks are better than others like AOL or SCH or ATHM or EBAY will do good. The internet banks are at the moment not included in my universe, being a momentum player I would like the momentum to be seen before major price moves are expected , it is pure ''speculation'' and as such volume will be the second sign after a solid break of a resistance, leaders should base and take off. Unfortunately when leaders are lost in valley of notalgia and trying to find support we can just expect that other peripheral stocks will only adjust if leaders settle first. Watch out for EBAY ATHM AOL SCH for internet move or IIX bounce off 315 area otherwise DOT and IIX will find the support where momentum players jump back in for that quicj buck to be made.. For me I am watching 2555 and 2515 on comp as important resistance and support areas.HWP looks a definite good trade..above 2555 on comp... \|