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Politics : Idea Of The Day
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To: Jerry Olson who wrote (19737)9/1/1998 8:29:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I will watch carefully at 500 8000 1000 1600 PSE 300 SOX 210 are some other indicators but anyway nice to see wish coming true! I will like to see James Strauss indicators also like 13 days MA on some of these indexes. Their is one common problem I am looking at a stock price chart and an index chart cannot be read with same techniques, that is a common mistake index is like huge oil tanker it takes time to reverse course, it has a global component far bigger in proportion than ordinary stock which can get a 40% hair cut and still go further down. In contrast a index after a hair cut becomes attractive as some parts become compulsive valuations whilst others still languish, I will like to watch carefully also the action of Internet stocks I will think it is these stocks which may se a rally also most of the high P?E stuff will see rallies fizzling out but some of the beaten down defensive natured stocks which showed quite a character in yesterdays sell off will attract some higher interest..
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