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Politics : Idea Of The Day

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To: James Strauss who wrote (23450)	2/11/1999 10:28:00 PM
From: IQBAL LATIF	Read Replies (3) of 50167

Jim- I see your point and I agree that pit based rallies and short covering rallies may not be sustainable rallies.. However the fact remains that one more close above 1262 and we are in business on the long side, I see a break of 1235 as first sign of fizzling of this rally and I will like to see NDX stay above 2018, a break below that will concern me so would be the break of SOX below 392 and BKX or DOT- If I see DOT below 478 and BKX below 788 I will like to see other corrobrotive evidence like NDX and composite and short the darn thing. If all these signals are positive which I am more inclined to believe we go and test 1292 in few days, DOW at new highs will also make attempts to soften the upward resistance.. This is how the marekt need to be played.. Thanks James for your kind remarks// JPN and other global indexes are doing great and we need now Europe to come strong to give this rally some legs to run on..

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