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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (26866)6/7/1999 10:15:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Pits think that this thing can go up to 1350, if 1318 holds. NDX 2121 now two closes above 2131 the 50 day MA we are in good shape.Comp 2497 and 2512 are intermediate reistance levels we get two closes above this we go to old highs of 2677.

DOT 550 SOX 402 are now supports if we break these supports -- get out of your long positions.The support of NDX is 2100 and Comp 2475-80.

If we break this on closing basis we go back to lows, we are in range, it is not a break out still, the range once broken will give me an idea of the new direction. The way individual stocks are behaving it looks these stocks want to go higher, this looks like an earning driven rally, the market has built in .25% hike at the supports. The leaders look good, the broad market should follow normally.

PSE 535, BKX 835 are also important to watch.
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