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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (39014)	4/17/2001 10:48:11 AM
From: The IB Dude	Read Replies (1) of 50167

'much ado about nothing' you summed it up nice. Great gutsy call dad. My congratulations. To be honest with you dad, I thought you had it this time. I was so happy for you to see the market going into positive territory. <<At key points like 1080-90 and 1180 areas, too much noise is much ado about nothing, in these 'ego wars' of analysts of major houses we don' want to be caught. I think 1182 is a area of breakout and we will see these kind reversals and strong resistanceat break out, those who were calling the 1080-90 or SOX 450 area as a breakdown to 300 are naturally sour, I think any one who disregards the SPM at these level or SPX and try to see the market from a myopic seperate single news analysis may have had hard times. If we are able to hold this 1178 and 1167 area, we will most probably go and check this 1192 today or tomorrow, on break of 538 on SOX we can see retest of 500.>>

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