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Politics : Idea Of The Day
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To: Jerry Olson who wrote (29462)10/26/1999 12:35:00 PM
From: IQBAL LATIF  Read Replies (3) of 50167
 
Resistance and lot of pessimism but marekt jitters are based on something else these movements in bonds don't overlook them , for me 1330 is the major resitance aND 792 A BIG SUPPORT ON bkx, likewise SOX 502 DOT 698 and PSE 615 now are imnportant levels like NDX 2500 if we have two closes above that.... so on one hand we have resistance every where on the other we have potential to break it also on hte anvil.. if DOW flies from here as I suspect on back of new additions as dead wood goes out that may become quite bullish however I will like ECI to be in line and GDP number to be subdued that will set us for good move. In absence we think that 1241 is solid and we can trade it anytime if 2445 is tkane out on NDX.. we can see some steep selling to 1282 and than 1241 if we do not hold but hte key wouldbe 2445 NDX and 502 sox and PSE 615... or DOT 698
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