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Politics : Idea Of The Day
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To: Kona who wrote (21189)11/3/1998 3:29:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
On breakouts bhumbo retraction is a difficult job, I had given enough warning to these guys at 1498 break I wrote I have sent my bhumbo down to grease, so now on breakouts I just don't technically how to think of a retrectment.. gggg

I would assume market goes up to my levels indicated and we will consolidate between 1055 and 1155 this is my area of cnsolidation but as I have from very beginning out this is a broad market rally and has lot of ateam, it is now may be not just about NOK CSCO or IBM it is about some peripherals we have never seen moving so if it was possible for SPX to stay stable when RUT investor were suffering it is very much possible that bigs may not have that intensity of move and would go thru a coonsolidation as RUT moves towards 402 and than the 200 days MA, if thatr happens I would see composite at 1880 area but DOW still between 8886 and 8600, even SPZ would be just arounf 1145 to 1110...I would look for opportunity in the stocks which are still undiscovered and will soon benefit form a move up, however I will careful and rather cautious to renter new positions on DOW related stock, it is always good to load up when no one wants, this is not the last time we will have seen this opportunity, so ride the trend the broad market trend.
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