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

To: IQBAL LATIF who wrote (26865)	6/9/1999 10:31:00 PM
From: IQBAL LATIF	Respond to of 50167

My clarion call 'Sadistic investors' wake up... SOX target at 440...I check my posts with my levels, here is another master piece, SOX target at 440, ... Friday, Jun 4 1999 10:26AM ET Reply # of 26862 Comp if it closes above 2505 will only signal a long term buy otherwise right now I am enjoying the trade to 1318...SOX 402 break and you can see a run 450... DOT after Forecasting market like a magician is an art not many people have it, I just punch my numbers like 2475 on Comp or 440 on SOX..or 1318 or 1330 the only cogent posts where these directions are inter- twinned solidly is Ideas, that is the art we are trying to perfect , we see market a little ahead of others and this is the story of this thread... from IQBAL LATIF on Jun 5 1999 12:02AM EST Market is about trading with supports and resistance, here is another classic example of action required with in a move, at 1311 I had 1305 as my support and 1318 as my resistance, as 1305 was not tested I saw 1318 taken out and 1330 resistance laid in ruins soon after. Look at SOX 402 breaks next target is 440.. for me the real fight is on now at 2505 on Comp give me this break on double close basis I will give you SPM at 1382 and onward to 1430.. I don't short inter day as I feel like doing it, I am never bearish or bullish but I am a reader of the market, a baby reader with very little conventional tools can do it. Now go back and read the posts of your self-styled gurus and see how they have been whipsawed.. Go to 27th May read the trades one by one, and see how they get it all wrong. Paper trade ideas you see and trades you see and the biases you notice this is the best way to learn. Comp 2505 is the next big resistance and we need to see what happens next but to know about future gain from past. Nowhere else you will find a better and more equipped cemetery of non-sensible directions, go to the ever green bear sites and ever green bear posters...see how CNBC Jerry Favors influence them, and notice how they neglect a bounce off 50 days MA.. If you want to become good in trading follow these fly by night characters and compare them with my posts, print them and place them side on. don't get shocked if you see that they change opinions and pick my levels with in 30 minutes of my post, that is going on far too long, but learn trading through comparison. You will find why it is important to know an underlying 'fundamental technical and sentiment'trend,trade direction is always a combo of three elements. 'Feel like shorter' got it on the chin last night however this is the story going on since SI came to existence.. 'Sadistic investors' wake up... two breaks with interval below 550 trying to break 564... if we have close above this 564 you will see 625...1318 right now is first resistance and 1305 support..