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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (30877)	3/14/2000 8:42:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

I would like to see how SPM behaves at this 1402 area if this support is held in the first two hours I expect a good solid bounce, we may test 5000 on Comp and DOW 10150, if this 1402 breaks Comp I expect that DOW Comp divergence to continue, the %age sell off in DOW may be lower than the sell off in Comp, although it is said that <stronger-than-expected number could rattle markets, but would likely hit the ``old economy' stocks harder than the technology sector>> I think 9800 should hold well, if thati s taken out on two closing basis we should than get out and wait for settlement at 9200 on DOW, a critical week but interesting one.. On COmp rally JDSU COVAD ORCL are playable today and that is what I am going to play, AOL Sears look good, good long above 62 target 75 ..SUNW looks good too..TXN is attractive for a trade to 185..if overall market holds..

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