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Politics : Idea Of The Day
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To: OVETUS who wrote (39865)6/11/2001 11:19:47 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I am looking at 2145-50 as support today and 1248-50 on SPX. The pre-announcement jitters will have their impact and next few weeks are the most important for market if it has to maintain this range, I think the lower level of this range is 1219 and upper 1328, we will hopefully test both the limits within this period on good news higher and on bad news lower good VIX for play on both sides, one can be long at the lower supports and short at the higher areas.. this is my present strategy overall for this period of pre-announcements, smaller companies do make an impact the market would have reacted far more violently to INTC and NSM that were although atl ower end of expectations but greeted with some relief although JNPR did put the spanner in the works, Telco equip does look bad but it has some safety margin as valuations have weakend and would not impact the Comp the way it use to do before.. ..fwiw..
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