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Politics : Idea Of The Day
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To: Sonki who wrote (27188)6/24/1999 2:57:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
DOT and IIX together-- like IIX 312 and DOT 600 if blasted will result into quick 625, so use them in tandem.. NDX 2206 has to hold on closing basis, we saw the test of Dow 10471 a LITTLE 9 points below my 10480 clsosing level alert.. we did bounce but if we break this SPU 1325 again only we will be through 131 otherwise today in my opinion was good test of supports, bond markets are under pressure as Euro weakness is resulting into Japanese selling bund, I highlighted this point last week, it is lot to do with macro structural problems of Europe and not the global bonds so US treasury are being wrongly hit and in my opinion it can overextend to 112,20 max but the bounce will equally strong, pressures on German bunds will result into US assets appreciation, if SOX goes higher above 465 I will get back into TXN which I sold yesterday...I will wait 292 and 572 on DOT.. RUT 2000 is strong, overall just don't get too much worried with so many different news we are on the right track if we test 1292 until 29th and rally off the support as marekts know that bund and US treasury should move in diverging pattern.. US bonds should strengthen whereas Bund should weaken..as bonds will be bid we will see marekt recover so go long below 6.10 break on yield..
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