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Politics : Idea Of The Day
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To: Arik T.G. who wrote (14025)11/12/1997 12:29:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Arik- Millineum crash on break of 910- the big one will have little regard and respect for these very imaginary levels- if you think that a close above 910 will avoid a millineum crash you must really think it over- your early morning view turns out to be little premature however I can tell you this market is not MADE for the crash you are looking for- a market which bounces off the supports like a bungy and fais to break is driven by fundamentals and these markets will go thru these gyrations but eventually will go up or down based on earning configurations- I can tell you that on that count the big one will come- a market has already discounted a lot of hype so don't look for a support if you really think that bears are in control- these suports are for people who believe this market action as a part of normal market tests- If I had believes like you I will certainly not care for 910= it is just a mere number. Good level to see a rebound to 960 but for a big one it is immaterial.
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