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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (17959)	4/16/1998 1:33:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

310 my first resistance was a hurdle which INTC on its own had difficulty in crossing, I would assume a normal number from TXN should do it. Friday will be positve-- if MSFT delivers although the number is built in the valuation but a surprise will put the software and Techs not much by little on fire however look at TXN the major irritant so far ' blow hot blow cold' type of a stock. I will like TXN to come up nice and clean with positive spin for going forward approach with MSFT providing the icing and the B/B ratio definitely heading up towards 145 and sentiments turniong around as expected we may see some movement. However so many factors and i needs to be dotted and t's crossed all this need's to be in place before the next stage is set. 0If all this happens our defined approach to market moves as reactive to 'stories' and charts dnacing to 'events' may proove right. I would like every one to look for 1118 break and take protective action immediately on broad market if we a double close below it. 301 on SOX this time around means selling long and establishing some cover. DDX a break below 200 will give you an early indication of a long hard few months.

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