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Politics : Idea Of The Day
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To: MonsieurGonzo who wrote (19453)8/23/1998 5:38:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Steve- On DAX and CAC-- I would think that we had a move from 3783 to 6174 without any touch of the 200 days MA. This kind of move would naturally be associated with a little fiercer correction and that is exactly I am seeing now, I would think that we would need a 50% correction to touch a point 4979 but I have seen with my little experience that a pro-longed deviation from 200 days over 3 quarters always would extend 60% instead of 50% in that case going by prolonged deviation I would think that a 239 point pull back is a possibility, around 4979-239=4740 level-- however I have decided to buy some portions on long term basis and average them if we hit the lower levels. I see futures on CAC40 and DAX becoming real attractive, on SAP I would think that your entry point is intelligent one.
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