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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (20952)10/20/1998 10:30:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
8500 was not a resistance as I posted yesterday, the 200 days was a false resistance it was 8600 connected to 1080, I wanted to highlight this to show that see the glaring gaps in forcasts- it had to be 1080 any novice would have fallen to 8500 and that what exactly happened, right now we are facing the 8600 resistance which is corresponding to 1084 level SPZ- it is thic cross check which is important for breakouts and turn around like the 1320 suport on composite was forgotten completely which corresponded to 6700 and 830 but as inter- relations between key indexes are overlooked in an effort to look a champ we find the corrective phases within a bull trend lost to stubornness- this is for education one needs to see what is happening in broad market and it is for this my definition of bear market is a sustained drop over two quarters--- lower lows over two earning quarters everything else is a move within a trend and one needs to pick the one in life time opportunity.....
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