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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31097)	4/11/2000 7:23:00 AM
From: Jerry Olson	Read Replies (2) of 50167

Morning IKE i looked at the drugs..they are looking very strong here..i may be late, but i always join the party<G>...PFE-MRK-AHP all look nice..Michael Rich is right on here... as for the NAZ, i think we have been working a perfect 50% retrace type fib number... from 5100 at the top to 3600 the bottom was 1500 points, we rallied 800, and now should selloff back to 3900/4000 area today... i do not think we will re test the lows here, but instead make a higher low on the NAZ at 3900/4000... i am looking at 1500 support on the SPM, and second support at 1487.00.... if we hold the NAZ and SPM, i think what with all the pervasive fear out there, and the VIX heading to 30+++, this will set up a rally...a surprise rally...that should be a good hard move...up..... excesses at both ends are the order of the day... OJ

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