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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (16161)1/7/1998 12:36:00 PM
From: J.T.  Read Replies (1) of 50167
 
AQ, SOX already testing critical 262 support level at the moment. My gut tells me in the short run, today or by the end of the week, this # is not going to hold and a test to 253 area is imminent... The confluence of events surrounding the broad market indices turning down will prove too much weight for this index to stand alone and tall and hold this support zone, IMHO. WHERE IS THE LEADERSHIP IN THE MARKET??? Nowhere to be seen from my vantage point. Take a look at May 97' when you have time on Dow chart. We are going to test 7150 to 7300 area with more resolve this time around. I'll give my two cents on other indices later. Gotta run.. JT
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