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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (7982)	11/6/1998 11:13:00 AM
From: IQBAL LATIF	Read Replies (3) of 44573

TT-- I think the pits and my gurus think that this is going to be new ball game above 1130 if we have two closes they are talking about a major change in trend and refer to a double top interim resistance being taken out, I will keep a watch of SOX 275 \|BKX 800 and composite 1810 if the other two resistances are not taken out even if 1130 is out for me the break is a false break on the upside it will retreat from 1138-42 band very badly if the other indexes are not going higher so for me I am very skeptical of this move and will take my cue from composite SOX RUT and BKX performance levels once again 275 402 800 and 1810 is absolutely an important support whatever happens this has to happen above 1810 otherwise we go back to 1680 level on composite that translates to 992 on SPZ level.. but I am sure about these interim levels and i will trade acordingly..on the upside 1155 is interim resistance our target is 1180 say 70-80 band..

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