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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (30858)3/13/2000 10:13:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
We had this target of 1382 on SPH and 1401 on SPM, a successful test of 9800 yesterday, we closed alright the DOW failed to get through the 10000 resistance, today retail number will do what is necessary, probably a strong number may rock the market but dogs may benefit from low valuations, some of the hikes are or may be discounted within some of these stocks. ideally we should hold above 9800 again and 1382 SPH and 1399 SPM should also hold, Comp break of 5000 a second close below that gives me a target of 4650 on the Comp like yesterday the secret of closing this huge yawning gap may be faster rate of ascendency for DOW and Comp pull back..

The one bullish sign that negates all the above untested strategy is too much of fear look at the indicator call put ratio, very rarely it does happen that if wall of fear cannot be climed the ratios which appear to be contarary indicators become self fulfilling.. in extreme markets they are no more contarary..
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