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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27140)	6/22/1999 9:29:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

I would like today to concentrate on BKX index too, a good indicator of market direction as we move forward.. finance.yahoo.com^BKX&d=3mm The 881 area is a resistance area, we need to break this 50 days MA cap and move forward and close above 902.. lot to do before we have this move up....881 is sitting just below this resistance, so we have this DOT just below 600 and IIX just below 312 and BKX ready to tkae out 888 area to take a climb on to 902 resistance, now if we have all these moves we will get our old high on Comp otehrwise below 875 on BKX and 462 on SOX or 298 on iIX we will fail at this attempt and until the next FOMC we may see good opportunities to make money due to higher volatility.. Regards.. Ike

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