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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21162)	11/2/1998 2:18:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

My levels of approaching resistances if we have this close above 200 days on DOW, I would assume that 555 on OEX point 8886 and 1132 which corresponds to 1138-42 band on futures would be point where market would or should take a breather, however as say if 1132 area is taken out than all bets are off, market excesses are a well known phenomenon, above 1132 area we may see because of broad nature of this rally that RUT may move up quite fast, the number of bullish signals looming are quite a few whereas on the other side one needs to take care at these very clear obstacles, I would like Brazil at 7000 to be carefully watched I will have some kind of protection on Brazilian TBR.

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