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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (29353)10/19/1999 8:10:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I am looking at 1242 as a suport today and 492 on SOX as key element if we hit these and we rebound plus minu four points from these levels we can see that 1300 is achieveable on SPZ if 1272 is taken out as we rebound.

I am today looking at BKX 712 support and NDX 2345-35 area, a break of these areas will decisively lead to much lower, however the key would be SOX BKX and DOT for me the levels to watch are DOT 650, SOX 492 even 483 and BKX 718, if these levels hold this first anniversary with all its ugly forecasts may pass quietly if they do not it will be a quite a day. Below break of these levesl one can go long SPZ put options for 1200's expecting a rebound at 1228 area, minimum of two of them give you that indication of a break otherwise I will wait to see if 1272 is out to play on the long side...
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