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Politics : Idea Of The Day
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To: MONACO who wrote (20208)9/8/1998 5:44:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
235- if composite moves up to 1724 level even a shade better otherwise we will see first signs of trouble in composite thru SOX- may be just around 218-220 area we have the first resistance I will like this ideally to retrace the entire move to 245 area, so that this uncharted territory is out, I can only see SOX from the old levels I remember but I think we need TXN INTC MOT moving up strongly I need TXN to be at 57 and above and INTC to be above 85 to resume the bull leg all that looks at a distant, however a far short I remeber last time composite came back up it moved from 1755 area it was I think 200 days MA pretty fast like a rocket...so keep your fingures cross from very banal knowledge we have this is going to be fun if the takeoff has the right mixture of fuel.....
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