To: IQBAL LATIF who wrote (26771 ) 6/5/1999 12:55:00 AM From: IQBAL LATIF Read Replies (1) | Respond to of 50167
<<I treat knowledge with respect, I apply it on my trades, for me SOX moves up, and the trade is long SOX.... INTC AMZN was a buy and still is like AOL... CMGI. IQBAL LATIF on Jun 2 1999 11:50PM EST << My policy to wait for the false break also time and again works perfectly we saw it that is DOT at 527, the shorts were having great fun and we saw that reversal to 554. We trade in and out and I bring a new story every day I see events and think about them for me history, politics brinkmanship and market shrewdness all in one makes a thinking trader one needs to be a thinking trader, otherwise this market will whip you out, look at 1282 level we saw 1280 but briefly, if SPM does not break and indexes start reversing from lows think different.. get out of your shorts and establish long.. The following should be good watch,, for me this is what day trading is all about make money on the way down recognize a support and go long....every day the fun and the party goes on..>> IQBAL LATIF on Jun 2 1999 11:50PM EST <<if 402 is out on one closing basis and next morning we see it first hour to maintain the level we go up to 440..like 2500 on Comp will be tested this is a bounce off 50 days a little below in some cases and I am thinking that unemployment PPI CPI 11th 14th are important dates, trade on volatility and enjoy....your time with ideas.. It is all about major supports and resistance learn them by heart..>> quote.yahoo.com . IQBAL LATIF on Jun 2 1999 12:16PM EST << - Strong reports good for corporate profits, a lot of selling but only to create opportunity. That is what market is all about.>> IQBAL LATIF on Jun 2 1999 11:50PM EST << I think we will see these important supports hold well like 1980 and 2360 area, but market does like excesses and would like may be more selling but intelligent people know strong new houses and strong growth with low inflation has led this market to this level, the market is adjusting to changes fast as such a test of 1250 or 1230 is on cards but this is just a healthy correction.>>