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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (27308)6/30/1999 4:38:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
RUT rallied strong yesterday and IIX closed above 303, I hope that we see this break of IIX to 314 and 600 on DOT if these are out on two closing basis we will take NDX and Comp old highs within few sessions.. Today is important from FOMC decision point of view, all indexes are sitting at near resistances . DOW on weekly chart looked explosive when I wrote yesterday, it did break very solid but I would like this 50 days MA to be breached in succession twice, today is the day for that ... if we do that I think we will see some smart pick ups on NDX and COMP otherwise we will see some break of 1342 plus minus five point, we can see a sudden down and back up only if it stay below 1336 we will like to short until 1318.. SPU...
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