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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19010)7/22/1998 8:17:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I think a healthy retracement but I was watching Ely and other earnings if yesterdays action was based on bad Merck expectations I would think todays action will be based on good earnings after close yesterday-- there is not much in there for shorts they would run for the cover on an important support I will cover if 1198 is taken out or stay with my present position until 1155 is hit once and I am sure of the support-- with IBM on 128 and MSFT on 116 I doubt we will see composite any lower then 1967 which I think should hold-- I think BVF and TEVIY AGHP IDPH are few stocks one can closely lok at-- I will like abounce off 1967 or if it opens higher will closely watch 1986 area as first resistance--
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