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Politics : Idea Of The Day
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To: Jerry Olson who wrote (34174)10/4/2000 10:18:56 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
I think the market would rebound after making an inter day test of 3380 area even little lower below the trend line and below the support line, I would not be surprised that we ring 1416 area on cash oreven break the trend line so as to give a fake close today, however we are in oversold territory but in this territory since everyone expects a rebound we test lower before going higher I will wait to enter and will like to add few stocks and throw my protective puts away today..I will cross check the Comp low with the S&P cash support for me 1432 area on SPZ is the area to watch for a bounce..fwiw
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