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Politics : Idea Of The Day
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To: Jeff Jordan who wrote (26969)6/10/1999 11:00:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Comp support at 2475 was maintained, we have not been able to close above that 2512 area on two consecutive basis, but you must have seen thaton June contract we did go and test 1297 on SPX wesaw 1292, but all these supports held nicely, I would assume that today isthe day where if numbers are good we may resume the move above 2512.

quote.yahoo.com^IXIC&d=5d

My other indicator NDX also nearly tested the support of 2075 and closed just below the resistance at 2100..
quote.yahoo.com^NDX&d=5d

I think until 2075 on NDX and 2475 ae maintained I don't see an immediate threat however a break of these levels will encouragemeto short some positions. I have to look at the supports now and only act if supports are decisively out.
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