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Politics : Idea Of The Day
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To: 52387674 who wrote (32021)6/23/2000 10:49:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Cobot who went short the IIX internet indes from 3rd April considers the 25 days mA line which has turn positive as a buy signal for internets, the i-timer since 3rd April was in a down swing now since last two days Cobot has issued a positive signal, although I hve shade aggressive and calling the IIX move up from 460 level, I would like this 200 days MA on IIX 492-496 to be respected although we can have one close below to shake out but if we cannot hold this level I will not until Tuesday reconsider my positions I will take into account the itimer and sept contract level 1472 and 1466 are very important levels and should hold.. IIX alone is insufficient we need S&P evidence to go along so far I see no change in overall market configuration, as you may well appreciate from my previous posts that fundamentals are little bit misunderstood by the markets.. but if that becomes the norm I will see and review things accordingly but a run needs some space and some tests of supports and this very much a part of the whole exercise we do here..
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