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Politics : Idea Of The Day

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To: Jerry Olson who wrote (34489)	10/8/2000 11:36:12 PM
From: IQBAL LATIF	Read Replies (1) of 50167

That was good call OJ on Friday..<<if the DOW cannot break thru 10,850-10,900 we'll see 10,300 to 9800 quickly... NDX can not break thru 3500-3550 thats R there, and i think it will turn now and break the lows...at 3300..it will not hold there...>> I agree if 1415 area is out we are trading a different range that is 1416 top to 1350 bottom that would be extreemly volatile experience but lets see ehat happens today in terms of break, I will take my guidance form SPZ and SPX and with impending earning season I will like to see that I ahve only put options if the break is confirmed today I will not sell or short I will like to make some money from long SPZ options.. like 1380's or even lower 1350..but first let me see that confrimed break many a times this market deceives and on this important support i have this niggling feeling that may be it is a fake break on supports like this one needs to be careful more so when economy is working well and earnings can come little above the sentiment prevelant in the market..

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