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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31490)	5/19/2000 6:52:00 AM
From: Jerry Olson	Read Replies (1) of 50167

Morning Ike... do you have the NAZ futures down -210.50???? i have looked at all my P&F Index charts..they are all heading much lower, unless we rally late today and reverse back up hard.. otherwise i see a definate test, of the Apr 14th lows on all indexs... my cycle guys have today as ONE possible date for the lows...and if we cannot rally up, next Fri the 25th as the bottom date..but at much much lower numbers...2800/2900 NAZ for sure... i do not like the charts of the big cap TECHs..weak and getting weaker..they are all heading the 200dmva...it better hold... i do not see any chance of any meaningfull rally yet..not in the face of the rising rate environment, and commodities too..i looked at some commodity charts..all are moving much higher here... what with falling employment, higher cost of doing business now begining to creep into the markets...any negative new eco report will tank this market...OIL Ike is up over $30 again..negative for the PPI & CPI this month and next... i am short here the QQQ & OEX and several stocks with 2 longs that will get murdered today..they will become long term "investments" now<G>... my regards guy..OJ

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