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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (9297)9/10/1997 3:17:00 AM
From: Getcher   of 50167
 
1- Do you think that market will test 7015 on DOW or 893 on S&P again within 30 days? Will the supports be taken out? or resistance at 959 or 8150 will be pierced so as to continue this bull leg?

a. Yes- No- Dow will test low.
b. Yes- No- Supports will be taken out.
c. Yes- No- Resistance will be pierced thru.
DOW trades b/t 7820 and 8150 for next 30 days

2- In your opinion where is Russel 2000 heading- if we go by what happened with S&P -Russel 2000 can continue its upward movement of atleast another 8-10%? Do you think it is prudent to follow secondry stocks?

a. Yes- No although it may go up 4-5%
b. Reasons--Sept/Oct Time Period, Interest Rate Dilemma, Big move into small cap already happened ... more on the way, but how much?

3- Where are bonds heading? Are they going to 6.75% yield or 6.45%? Do you agree that it is broader bond direction that will determine the course of the overall market ?

a- 6.75% 6.45% and lower within 60 days Inflation will be proven dead!
b- Yes (more than no) - No

4- Which single stock you think in Russel 2000 will perform the best?

a. Your Pick--TRMB (is this in there? ... see my next note)
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