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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote ()	12/20/1999 8:27:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Today for me is an important day I wouldl ike to see if the breakout above 1442 is fake or real, we had once before close abive this level (old 1428 SPZ) BUT FAILED as we dreifted down, I would assume that today with bond yields much higher another fake break of Friday would take a heavy toll on the market, if 1432 is taken out I will trade on short side and would look at 1402 on SPX closely, if we break that support we will sell hard, on hte other hand if we keep this support at 1442 on SP00H we will rally to 1475 area in a short time.. Index to folow will be SOX NDX DOT and IIX.. BKX coninued weakeness will give me early warning if 1442 is a fake break.. I am watching TYX closely above 6.40% yield would also weigh heavy on the market..Closing remark .... <<FR reit strong buy, Warren Buffet names company as a stock to buy, company outlines 2000 objectives, maintain FY '00 estimates $3.31 and FY '01 estimates $3.60>>

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