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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31448)	5/15/2000 1:25:00 PM
From: IQBAL LATIF	Read Replies (2) of 50167

DOT above 849.8 on two closing basis will give a positive signal..associated with 3580 on IIX we are setting up nicely for a rally if CPI is as expectations. Ideally I would like an line CPI and a .5% hike, a sell off and a huge rally, that is my road map but today we closed the gap on IIX... that I expected to do after CPI and hike however I would like a CPI on line the worst would be a higher CPI and .25% hike that will leave us to with this inaction between 3000 IIX or even 2800 where this market is a buy and 3780 where it may fail, until new set of numbers set the trend. Lets hope for confirmation of PPI and retail sales trend and also expect a stronger tightening, one thing that worries me slightly for next month data is oil prices inching up that will again push PPI for MAy, but I hope once bonds rally we will see commodities declining..

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