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Politics : Idea Of The Day

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To: Al Serrao who wrote (31824)	6/12/2000 9:49:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

I think Al that the tone of next leg for most of these companies will be set after forth coming sensitive data on retail sales and CPI, I don't see any surprises if by any standard major store sales are any kind of pre-indicator of retail sales I would assume that we may see a number below expectations although on CPI that may come as expected. I see a nice base at 1450 and we will soon see a test of 1492 if that is taken out we go back and test the old highs on SPM, I would than think that NAZ will outperform DOW, the opposite to what has happened in the last few months, in case this transpires GLW will be a mian benefactor, the next leg up is dependent on market move beyond this immediate 1482 minor and 1492 major resistance..on SPM that is futures not cash..

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