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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (21259)11/5/1998 4:13:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
What a move, I was watching this thing like a rocket launch, 8800 and 8900 taken out on the same day. I honestly thought that 8886 or 1138-40 area should have held but the way buying came in was tremendous now lot of money is still on side lines --one close has already happened 1130 is half broken RUT is in a explosive mode nad the victims will go back look at the charts and will understand if BULL like Ike says if 1130 is taken out on two closing bais all bets are off.. The only grace would be some weakenss in ASEA or Europe but with this kind of close who will like to short the market, the hedge funds are licking their wounds and market is roaring - what a move this is thr revenge of the markets, the markets and hope roared back -- instead of 6300 we are at 8915-- welcome to the world of reality SI shorts..... in morning I wrote that a minor bhumbo will be OK we got a major one the bhumbo got really bad towards the end...
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