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

To: Al Serrao who wrote (26872)	6/6/1999 1:51:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Sonny-- Thanks for your kind remark. << Always enjoy reading your posts, though I have to read them many times over. <g>>> I agree my posts have multiple levels and are slightly difficult reading. I cross check various levels and keep highlighting the indexes most prone to move. Like sometime it would be OSX others BKX or PSE and you would find that once I pick an index it would move within my range. I cherish on that effect, last few weeks RUT and DOT were too great signals. The action of last week was very intense. I highlighted SOX and Techs right from the word go as SOX tested 382 although we had seen 372 test too. I maintained prior to that move Techs would out perform. Now when everyone else is talking Greek these lessons of Latin on Ideas earns no friends to Ike. I assure you that if 'Ike hate club thread' is started the sponsor/host will not find himself in club of one. gg I take pride in this that I challenge more often than not conventional wisdom and prevailing despair. Most of the time I come out winner hands down. I have two objectives first is to counter 'change of hearts' and second to let investors know that this is not going to be a 'catastrophe' until certain major levels are out. If TXN cost is 49$ there is no reason to get out at 104$ when it can go to 135$. Getting in your core position is a difficult business once you are out of the game. On one hand I have my trading objective on the other I have obligation to many who read my thread when markets are wobbly asking them that may be staying course and doing nothing is the best course. If they wish they mostly trade within my levels some shorts. However, I know more often than not people like to know what's happening! My thread gives them that little information and the insight on the markets. For myself 'Idea' is a must read. I go through my own post many a time and see if it works or not. To go long SOX when every one else is calling for that disaster is sticking neck out. All this as we were going through a break below 1292, however 1282 became my significant point where I betted my reversal. As a trader the worst thing is to cut where pits wants it, my levels are levels where pits will not impact your trading account. I will like to give levels where pits will be getting out like 1305 but in the same highlight that above 1309 the ball game is too 1318 and if we break that 1330. The forty-five minutes rule also helps if a major level is taken out and we stay above that level for 45-90 minutes depending on level of ease my long signal is generated. Calling markets on daily basis without any kind of significant tools or paid subscription of hi-tech gadgetry is success of my thread. I don't ever make that claim that I have a buy signal or a sell signal. Market is too complicated to be handled by these signal businesses, I tell you this biggest hoax 'The thing' 'buy signal and sell signal'. I trade nine out ten times against SI and Wall Street gurus on inter day basis, when I see someone writing that I have sell signal, I just laugh, I can post thousand of posts when these signals have resulted in rallies. The most important is that we have seen these rallies when everyone is bearish and seen selling when these guys are finally deciding to go long. Most unfortunate about trading chartists that they let you out at the worst possible time and make you buy at the worst entry. Look at 725 DOT reversal and you would notice that at that point some were advising buying calls. This is one don't of investment strategy. Never get long at overhead 200 days resistance always after a two day break and you never sell at 50 days MA and 200 days MA support. I tell you 'Frank' trend lines and MA's are very solid simple stuff never overlook them. Having a full knowledge of contemporary history of financial markets is one of my most important tools of analysis. One other problem is that US citizens have become too pre-occupied within two oceans, they are on net but very rarely would like to see global changes. On hand US corporations have become global behemoths whilst on the other we tend to value these global majors reaching out to billions with the same tools like we did for US rail roads. Should AOL have similar basis of analysis as railroad business? Both killed distances one at a banal speed of 100 Km/hour that compared to horse was great improvement other at speed of light. The answer of this question I leave to your imagination, me being a global wanderer naturally accord different model of valuation to AOL. Contemporary knowledge is always handy, one you know that how integrated you are and your prosperity depends beyond ocean events and second you will notice that within this cycle how many times before we have 'inflation scarce' and how did market react. I will go to Oct 97 and find that CPI than also rattled the market and may be this is an anomaly due to transport housing and oil prices increase. For any trader these are universal truths, market is not shoeshine boy job, I respect his job and respect his person but I would like to rise above him to buy stocks. It is insult to collective wisdom of market when we leave this judgment to rumors and exotic stuff. My mission is to let these guys know who depend far too much on exotic stuff for their own good that you have been out of depth far too long, get real throw this image of knowing and getting signals, they get hallucinations not signals. TXN at 117 and MOT and AMAT or SOX is not one-day phenomenon. For last three years I have been writing on SI and I have been holding the standard of bulls with pride. The problem is that if market moves from 7000 to 11500 these bears will still survive their so called levels will just keep 5000 points higher with no loss of money. AT 1362 if it comes down to 1230 all hell will break loose. The art is to ride the market from 1310 on Comp to 2550 on Comp. These guys have neither the ability nor the understanding of how the global trade is impacting global markets. I assure you tackling markets without full knowledge of forces impacting global trade or economy is like going to a shrink for your heart. I wish the markets would be as easy as reading charts only or some waves or some non-sense model. Most of my posts are analytical phenomenon. The little I know I write provocatively on why if 'paradigm exists' or what are consequences of global commodity prices. Market is too sensitive a business to be handled by someone who fixes his 'model and gives a sell or a buy' or 'someone who attends a seminar' or 'someone who plays the futures'. I have seen many a friends losing their shirts in futures and in forecasting trends. We know the pits as a result of our continued presence. The market is all about ability to hold your line. Reading market is trying to see that time is on your side, it is all about conquering time, in a trending market it is time that kills your trade and therefore it is imperative that you make the timeliest move, the premiums disappear like 'lost treasures'. When 1980 is being tested it is time to sell some 1840 puts and go long reverse not buying puts. The charts at reversal look the most ugliest but the courage to act contrary will only emerge if one is focussed broadly.