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Politics : Idea Of The Day
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To: Dom B. who wrote (8060)8/26/1997 9:38:00 AM
From: IQBAL LATIF   of 50167
 
I look at these very closely- standing at 35% and 23% if I am correct - lower but kind of vote of lack of confidence if not no- confidence on the market- it was this indicator which gave me early signals of reversal at 969 or 8250- it reached all time hi of 48% and 36% respectively- last April you must have noticed these two indicators shy away once the test of lows was made but at these levels with so much of unknown we see that short interest tends to continue.

I have also been deliberately playing down some positive indicators like 12 days A/D oscillator showing very bullish configuration beyond 60 days but since I have a short term spectrum- the focus is overall picture- but I assure you that input takes into considerations a lot more data than what appears on the posts- I am already receiving mild protest for too much jargon- I beg your forgiveness we need to understand basics therefore all this is a must-but I will try to cut ref to irrelevant stuff, but I hope you guys will bear with me with these lengthy monologues.
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