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Politics : Idea Of The Day

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To: steve susko who wrote (18859)	7/9/1998 2:46:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

My targets are well established I am only adding the new top on composite 2045-50 area is my target if we stay above 1921 for next couple of days. For this market to reach these targets few uncertainites will need to be checked --one Japan stays on course -- Yen stays above 145 and Russia should stabilise around these levels with an approval from IMF, these are pre-conditions for a sustained sumer rally-- I am sure that US domestic conditions are ideal however we will need some good numbers early next week to keep this party going, in my opinion 1892 stays an important support rather I will move it up to 1900 and if PSE falters below 338 we will see this whole sumer rally fizzling out around 1985 level.

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