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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (21279)11/6/1998 11:02:00 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
SOX and BKX are attacking overhead resistance at 275 and 800 if this is taken out with RUTS 402 and second close above 1130 today we may see a good rally to 1170-80 area but 1155 is an interim resistance , I will keep a close eye on composite direction below 1810 if support is broken buy 1110 puts March contract otherwise let your portfolios run if 1771 is taken out get out of the market if 242 on SOX is taken out get out of chips,, these are outside levels I don't expect them to be violated but at top you need to work with supports and resistances..
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