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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (34926)	10/31/2000 12:02:40 PM
From: James Strauss	Read Replies (3) of 50167

this needs that SPX should take out the 1408-1414 area of resistance that will lead to a huge rally in Comp another 19 point move on SPX would not be ignored it will have very positive impact on Comp. As I think that we are most probably making room for that 1414 1500 on SPX and 4206 on Comp the above may play out soon fwiw.. Ike: As we speak, the SPX is at 1414... bigcharts.com bigcharts.com New Highs looking healthier... bigcharts.com The TRIN was repelled by the 100 area and moved down... finance.yahoo.com^STI.N&d=5d This reflects buying at that crucial point... I'm waiting for the NDX to cross a downsloping trendline at the 3340 area before I break out the champagne... : > bigcharts.com Then, we need to see it close above 3500 for a round of seconds... : > Jim

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