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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (17944)4/15/1998
From: IQBAL LATIF  Read Replies (2) of 50167
 
DDX resistance is 200 and I expect that to be taken out-- the run possibly 220 as first target and as high as 240-
INTC resistance is 80 with prospects to tackle 85 very much visible.
SEG I would assume 30 33 as major resistance but it has formed a solid base and will trade from here between 35 and 38.
I also like LSCC however I have made my comments somewhere where I think they are more appropriate.
SOX --I would like 301 close an indication of strength in Techs-- 310 as next solid resistance and 318 and 330 as a possible target to be retested in case numbers are good. My slant remains bullish and expect that 330 will bwe tested again.
Nikkei-- I also think we are going to attack 17200 soon-- the present formation at this level gives me an indication.
CAC 40 DAX and FTSE-- I will expect a phase of consolidation. 4000 6000 as major resistances on CAC and FTSE.
Composite-- 1857 will be retested and I expect that to be taken out.
SPM-- I see resistance at 1130 and 1138.
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