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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19056)7/27/1998 2:44:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Watch out for transportation and PSE-- good formation a buy in next 24 hours if 50 days averages stay intact.

SOX resiliance is also very encouraging with composite down nearly 40 SOX was only down 4 or 5. Right now we are at critical supports but it is PSE and SOX DDX one should look at closely if they start breaking 50 day supports or close below previous lows close your eyes and short SPU in big way. However if these levels are held composite action can be still bearish but earnings driven stocks like NOK and others may divide techs into two clear sectors the performers and the non-performers --you need to be in the right stocks.

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