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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (17145)2/25/1998 3:24:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
TXN has finally taken out 61 did not even test my expected support today- composite did not test 1735 rather it opened higher and roared up now trading at 1761- if we look at yesterday's close if we have this level maintained we have double break above old highs of 1748. 1030 or lower 1028 was not also tested and we up without testing any support. I was expecting a touch and test of 1022 but it is not so- I think this SPX break is good and we can initiate chip positions.

My morning suggestion for aggressive accounts for SOX longs - 320 looking good one of the best turnaround for long time- SOX has taken out 320 and ready for assault higher on fourth leg. I thing we have a very gradual progression of SOX hence I would like 330 Aprils along with my morning suggestion of 320 as very good positions.

The last nail in an any bear action would be RUT taking out 266- BKX is already broken 785 a close above that means a solid movement up. I am seeing more and more of a divergence move here- for me DDX NWX and SOX are great looking indexes- the trend up will not be broken until 1727 the weekly low is taken out.
I will like NOVLS XLNX ALTR already strongly up- LRCX calls 55 50 50 and 35 between July and Septs can be good play for little aggressive accounts 330-340 calls for April- NWX is also looking in good trend since buy signal on 17th.

On laggards I have Fore CS ATML Shiva to be looked into.
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