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Politics : Idea Of The Day

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To: Nemer who wrote (12501)	10/22/1997 9:41:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Nemer- I will look at bond very closely still hovering around 114,08 but unable to get pass it- a break is essential for OEX to tkae out 941 or 981.8 on SPZ- ofcourse a break or close at 3,00 below 114,26 is a signal of lower close today, I think NASDAQ will resume its march and SOXx will try to take out 360. I get news early morning that bund and Matif are sitting at a very critical level- a level if bund breaks will signal an end to bull run- in sympathy not in content that break if it happens in my opinion will pressure TB's. I don't see any other major event to stop some of the movements- I think INTC will consolidate and move in a day or two to test 88 and break that resistance. AMAT KLIC QNTM KLAC and IBM MSFT are stocks alongwith TXN to watch.

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