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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (17078)2/20/1998 5:52:00 PM
From: Beachside Bill  Read Replies (1) of 50167
 
Ike, thanks for the detailed reply. It is most appreciated.

I like your 302 SOX number, but was expecting a retracement after Feb 10 down to 290 area for the week ending Feb. 17. I was hoping to jump back in at that time for the next push up. Well, it didn't happen... bad for near-term traders because the SOX has only moved marginally up since and nobody made or loss money.

I like the SOX,NWX,and the DDX too, and the areas I am long in. These are the areas of value IMO. Since many of these stocks have already gained 25-30% in the last 7 weeks, I too am using caution and will not let the bears take my profit. I feel there could be another 25%-35% left before the market feels bearish.

I am looking forward to your posts. I am keeping an eye on Asia, Indexes and the technicals.

Regards

BTW, Is there a computer - peripheral index? I like some of these too.
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