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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (32197)	7/10/2000 1:13:01 PM
From: IQBAL LATIF	Read Replies (2) of 50167

On DOW.. if we take out 10780 on two closing basis after a long basing period I see a good potential of a run to old highs of DOW.. SPX that is cash not the sept contract is doing great here after end April this is third attempt to take out 1500 resistance on the futures contract or 1480 area, we close above this we will see 1525 in cash in no time or 1545 on Sept contract.. quote.yahoo.com^SPC&d=3m On Comp since April we have broken once above 4000 only to go back and retest the support, that was in the back ground of rising interest rates if we keep getting this benign inflationary reports and get to test the upper ressitance on DOW and SPX successfully we are in for a big break above 4080 area, that is until Friday may be the area to watch for first resistance and than support.. IIX 500 key area and key index a brea below 482 should give you an alert otherwise IIX BKX most likely may break towards upside.. best regards Susan..

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