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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31825)	6/12/2000 3:42:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

If someone asks me one single idex that will define the next leg I would highlight one that would be IIX, so far above that critical 200 days ma and the 25 days MA on a very short term chart does show some sign of life. Thus indexsince the correction has started is showing me sign of movement, it is above the critical averages although its sister index the DOT has taken out the 200 days MA, however for me IIX is much more important sop is PSE SOX and NDX all of these are in solid uptrend and todays action if I may dare to add by Friday may look for me a man with ap ositive bias a perfect trap... I think Monday movement did not materialise but the market overall action is a more of backing and filling, I am confident about my option positions and I am playing solid long until 465 on IIX is out if that happens on two closing basis I will take another look and possibly close out expecting that we may see a break of 200 days MA on Comp and NDX.. at 3669 and 3365, but I think PSE SOX and IIX has shown some signs of move and these shall prevail..

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