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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27577)	7/16/1999 11:38:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

A close below 640 today on DOT will take us to as low as a test of 600, so towards the end if we break 640 again I will recommend under weight exposure on DOT..like a break of 635.. I would like to think that this is a test and we will rebound from this once again but this the fourth time momentum failing and I see a break of 150 on Yhoo can take us to 140 if 635 is taken out, a potential of 600 exists. So why not to enter lower and take out profits bflow 635 on closing basis.. we were long from 580 and have seen 689.. we can retreat a full 60 points 620 and little more to 600.. if this support is out, 660 and 640 for me are important test supports and the break is very important to watch..keep watching IIX 318 level and ISDEX..547 and 538..http://quote.yahoo.com/q?s=^IXY2&d=5d any of this will give an early signal on DOT..

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