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Politics : Idea Of The Day
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To: Arik T.G. who wrote (13183)10/30/1997 8:43:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
You will be surprised to see market action today- HSI was at one point down 9800 nearly 870 points came back up and closed within 30% of 1200 point gained it had registered day before- for me this market is buy on dips sell on rallies-btw 890 and 940 lies the range and last night action in Russia and HSI NEkkei confirms that we are seeing some kind of bottom.I agree in absence of a bottom DOW will not rally- DOW need not to rally a consolidation over a week at these levels can be a very stabilising factor for global markets.
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