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Politics : Idea Of The Day
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To: Logain Ablar who wrote (27651)7/20/1999 4:36:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
DOW 1125-35 sell stops, SPU 1396 also is point where sell stops will trigger, I would think that these stops are probably going to be run before this week trading ends.. very careful on these stops, they may be run but the markets can come back up, the whipsaw of pits should be avoided it is the 1382 level which technically the support, above that we can see market between 1435 to 1388.. in my opinion considering new highs outpacing new lows it will be most probably sector, trnasportation and banking some drugs which are out of favor may come into favor, will they become momentum stocks that is something on which fate of this summer rally hinges.. SOX 510 from 539 area and slippage of SPU from 1430 is very much within normal functioning of the market... NDX and Comp are dependent on SOX DOT PSE a continued slippage in these secotrs will lead to test of supports, but the nearest stops are on DOW and probably they will be the first ones to be triggered.
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