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Politics : Idea Of The Day

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To: Dnorman who wrote (29430)	10/22/1999 3:45:00 AM
From: IQBAL LATIF	Read Replies (3) of 50167

finance.yahoo.com^SOXX&d=5d finance.yahoo.com^DOT&d=5d finance.yahoo.com^NDX&d=5d The above 5 days charts will show you osme significance of supports I use and how I determine htem, it has to be daily watch plus traditional supports and ressitances. 483 if you go back has been my point for quite some time and on al ong term chart you may see the significance of this point same is with the other levels, many a time dot retraced from 685 area beofre crossing overto 700, I will add few points to give way for little false break and establish my resistance.. in similar fashion since dot have 692 as a support I will add few points to the traditional support and establish 688 as a support... so effectively confluence of old resistance and new support is thepoint I establish as a turn around point like my call of 2395 on NDX.. these are eternal truths and if charts were invented for anything the purpose as I understand is to explain complex issues simply, what these guys have made is to turn a simple art in to complex art, tis has resulted in total loss of sontrol over interpretation as your superimposed judgements is not waht charting is all about..

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