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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (14686)	11/18/1997 11:44:00 AM
From: MonsieurGonzo	Read Replies (1) of 50167

Ike; RE:"Why I see a trend upwards intact..." ...good luck, Ike! In very short-term, I feel like sellers meeting buyers head-on at this level. Recent rally from panic-low supports over last 4 sessions was too much, too fast. At this point, Ike - I'm not projecting out further than 10 sessions (market too volatile). If new UpTrend (change in current intermediate-term DownTrend) is genuine, I think a correction must occur here, followed by quality capital coming in to stop downdraft - thus demonstrating that the (new) UpTend has "legs" that will carry it forward. -Steve

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