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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (20991)10/21/1998 1:56:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
RUT and Composite are sitting on the 50days MA trying to take out the resistance. I think aided by earnings they would do it, we need two solid closes above this along with 1080 on SPZ that should bring DOW 9600 to surrender but undoubtedly the key to new levels is held by borad market and a broad market rally is unique due to new picture of low interest rates with a potential of .77% by Jan next year, the sentiment alone will push the small cap market higher, as market works on future projections this can be a very interesting development. It was nice to hear yesterday that most of the CNBC guys were talking about wrong and highly exaggerated assessment of global situation, they think that last two months volatility is nearly behind us but were we not talking the smae script all along.
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