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Politics : Idea Of The Day

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To: Bart who wrote (15064)11/24/1997 11:39:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Bart- Thanks for your post- nice to see you in great spirits, I hope you will start very soon on a new site yourfirst professional love, markets have to be always second or even third in line of priority. I would not be in a hurry to re-initiate positions in the market, let this ASEAN crisis settle however in my opinion if you are invested you should look at levels very closely and any break of major support like SPZ 942 should not be over looked, that is a kind of level which will definitely in my view take us to test supports- of course I will only assume as a purist that 942 is broken on closing basis twice. I am positive otherwise on the direction and will remain so until basic parameters change, for me market fundamentals are intact and this movement within levels is a normal movement ofcourse most of us use to unrelentless market probes of top and new highs may find this quite frustrating but it is encouraging to see market slowly coming back to normal and gradually following a trend instead of a runaway train.
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