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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21220)	11/4/1998 7:49:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

1810 on composite looks to me a strong resistance to crack, it has last time also taken some time to cross but one thing would do it great earnings from CSCO and DELL, I am always skeptical of resistances when major earnings coincide with major resistances I would like to think that this obstacle this time around my be taken out as CSCO blows out estimate.... Global markets are also approaching important reistances like HSI 11000 will take some time , CAC 3665 is also an important level, however FTSE and DAX have a possibility of clear run of few hundred points.. I will like to square my HK webs around these levels and also take profits from Phillipines Long distance.. I would like that around this area as Nikkei moves up and passes the 14700 ASEA consolidation phase may offer some better opportunities if one can exit and reenter around 11000 resistance of HSI, I would rather think that all these major obstacles wil be very interesting to play, some higher degree of volatililty as strong economic numbers may weaken markets from 1138 area back to 1102- so I will be loking to take chances to trade on highs and long at supports... RUT should be doing well- like SEG is now a great mover I highlighted it two weeks back and the stock lok as a mover, Immunex is another stock in smal caps..

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