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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (33762)	9/29/2000 6:24:03 AM
From: IQBAL LATIF	of 50167

Yesterday was a rare kind of reversal. Technically very rare, on SPX that S&P cash we had from 9/25 to 9/28 three down days with a range of 1419 to 1457, yesterday action hit the higher low at 1425 and closed above the minor three hanging crows a bullish pattern high of 9/25. DOT had a very clear pattern a support that I highlighted in my yesterday post held very well, from 9/25 we had this range from 794 to 684, yesterday action unlike SPX did test the lows at 687 but closed nicely above 733 a shade above 726, that is a traditional support, three hanging crows fwiw has been a bullish pattern and a break of that support yesterday would open new door to lower vistas but holding was fine, even PSE closed above the 100 days MA and so did NDX. I would like this DOT pattern to maintain the 726 area and SPX 1452 with NDX remaining above 3698 and PSE 1074, a tall order after AAPL but doable..if market remains firm after aapl and Denmark I would consider that 853 was the bottom for SOX and DOT by testing 684 fulifilled a 10/14/99 684 test, this would be a good indicator and I would as I highlighted yesterday try to take advantage if in last hour we se the continued strength even if we open weaker..

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