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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21162)	11/2/1998 2:36:00 PM
From: IQBAL LATIF	Read Replies (2) of 50167

A second close above 1771-- will be a good good signal for composite,Jan and June 98 were two earlier ocassions we had this bounce off 200 days MA and you can see that on both ocassions the next leg up is very explosive, I would like that all these factors should be given added importance as RUT unlike now did not start moving up when we had this first bounce off 200 days MA until after Feb 98 and the second bounce off 200 days MA in June saw RUT languishing soon after 10 sessions, so if we have this market where RUT tries to catch up with composite previous explosive moves the overall market can be very interesting to watch as I say all bets are off above the previously described resistance on DOW OEX SPZ, if we have this overall confirmation form composite and RUT also..

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