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Politics : Idea Of The Day

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To: myonus who wrote (31221)	4/17/2000 1:46:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

Now look at the change of importance of indexes, we are seeing Comp up only 14 and NDX that is the 100 stocks index up 56, and DOW up to, if you watch very closely what is keeping or pulling comp index down is DOT, although SOX is laos up. Look at the following chart you will notice that the changes in Comp are linked to DOT very very closely... we need to hold this 680 area on DOT or 650 otherwise Comp will break the 3300 and test 3100 but don't generalise the whole market if you look carefully good stocks are being accumulated CSCO from 55 is now solidly up to 62 and INTC IBM PMCS are all running including AAPL EMC SUNW, so the next move in the market will be around big cap techs with good earnings the DOW and banking look at the citigroup earnings, the DOT index will be range bound and it may move lower in this time frame Comp may suffer too also NDX although little disporportinately as most of the Tech big caps are part of the NDX 100, it is for this reason of potential fall out from DOT break of 680 that I am asking the thread to keep an eye on it..

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