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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (17862)	4/15/1998 1:49:00 PM
From: IQBAL LATIF	Read Replies (4) of 50167

SOX is at 310.39 I see this as a first interim resistance- if it takes this out today you may see SOX attempting the 326 resistance, my conviction of SOX and decision to long INTC before the number comes out as one of the good ones for me. The call to go short if composite breaks 1810 was no brainer Bri- it was very apparent and since 9th April this level did pick a lot of attention. Now the divergence atleast for today is in currency we see SOX up solidly but SPM only up few points ---I will like this to take the ilusive 326-330 out in next few sessions the feeling of bhumbo in Techs gains further ground. So far so good let us see if this darn thing will continue to dance with our tune-- look at forward looking atatement of INTC that means a lot to beaten down sector.

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