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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (31913)6/19/2000 8:42:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
In my opinion if the near resistance of 1492 is taken out we will see 1514 area very soon, on cash the support is 1442 or sept contract would be 1465, this can be tested but I would think that Comp is trying to go higher from here, financials were hit strongly but 745 area should hold, if that holdswhich I expect I would like WFC AXP and CMB even GS for test of 830 again..

I will like to bail out if break of 1442 on cash is confirmed otherwise I think the market moves higher from here as far as tech laden Comp is concerned, SOX has done well and I expect that as far as we don't get hit with some bad numbers on economic front that may signal some real slowing down we may see LSI LRCX doing well.

IIX and DOT are working their base nicely and 25 days MA the i-timer for Cobot is slowly moving up I would think that market will soon react to this i-timer, on the whole I would stick myself like 1382 support bounce with S&P and expect that this ranges will soon be broken on the upside if 1442 is respected....
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