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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (30882)3/14/2000 2:58:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
My message today was in line with my DOW COMP 'closing of divergence strategy'....<<I expect that DOW Comp divergence to continue, the %age sell off in DOW may be lower than the sell off in Comp>> as I see DOW down .32% and Comp down 1.97%, I enjoy this fine observation but the real success would be to see not only JPm and JNJ flying but the dogs moving.. this is how that big gap will close/....I have to go but would love to see the close later and note if that phenomenon about closing of divergence that we picked up early on has some legs or no..
30 Industrials ^DJI 2:43PM 9915.79 -31.34 -0.32%
Nasdaq 100 ^NDX 2:43PM 4347.47 -79.33 -1.79%
Composite ^IXIC 2:43PM 4810.67 -96.66 -1.97%


Message #30882 from IQBAL LATIF at Mar 14 2000 8:41AM
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...

So fae Comp has given up all its gains and is down, in Europe it was the old economy stocks that led FTSE and CAC to decent close, lets see how it plays out in our backyard..

James Strauss thanks for a good post.. love and regards as always..

The best stock that was posted on thisthread thislast nine months was Al's RMBS, what a run and what a stock to be in.. thanks AL Serrao...
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