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Politics : Idea Of The Day

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To: JDinBaltimore who wrote (29863)	11/30/1999 3:51:00 PM
From: IQBAL LATIF	Read Replies (3) of 50167

I think most probably we may break this and go to 1392 area, if I look at this chart where SPZ has failed a lot of time at 1428 I think it looks thato nce the range is taken out which ever side it will go it will probably move further, if we close below 1398 that will be one close and a second close will definitely take us to 1382..from its 1242 test of lows to 1428 I would assume safely that I would like a test of 1350ish area as a good retracement, for me I think even 1318 is possible but my visibility is kind of blurred beyond 1392 at the moment and I will look for that second close...below 1398.. but overall a good call today for us, I hope this continues on like this..knowing a top and exiting at the right moment and identifying a bottom within a bull market that moves within ranges is an art we need to continue on to know it and perfect it well, that is how we will be known as good traders..

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