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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (32977)9/13/2000 5:04:22 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I think 3692 on NDX is the 100 days ma is violated once now if we continue this today we are looking at 3559 level. Spx 1382 is also at a 50 days support, if we break this only than we can see some intensified selling . I think so far we have sen these important support sanctity been maintained for me that is an an important indicator for the change of trend or sentiment, within a bull run a retracement has to be given some lee way..the oil situation or pre-announcement all have a capcity to break this market but DJI and BKX does not give me such an indication, I still think that we are going htrough a rationale broader distribution and fast making money strategies are not being rewarded that adds to confusion as range moves destroy a lot of day trading activity profile, in this kind of environment the best strategy is to watch and hold on to the core and not to get panicked..that is what I have been doing very nicely..
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