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Politics : Idea Of The Day

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To: Rich1 who wrote (32034)	6/26/2000 7:49:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

Rich .. I am looking at two things today one is that retracement from this 3500 to 4000 comp move my hold this support at 3840 area, I saw that clearly on my charts and expect that to hold also on cash I agree that 1442 is a solid support moreover right now the resistance is at 1476 area on the sept contract and I will focus on these two important indicators for the borad direction. On IIX we have a technical and fundamental damage as a result of Yahoo and Amazon breaking important supports I will like this index to continue its uptrend and close above the 200 days ma.. I think SOX PSE NDX needed this retracement but if it fails this 3840 area we will see that open gap being filled but that would not have any longterm impact on the uptrend, I agree with James Strauss analysis on the potential of the move once we get FOMC out of the way..

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