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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (23451)	2/13/1999 1:41:00 AM
From: IQBAL LATIF	Read Replies (3) of 50167

I played this market exactly to my post- a break of 2018 on NDX gave me an early warning however I shorted only after 1998 was taken out, covered at 1980 where it stayed for long time but in the end as 1975 was taken out shorted again for the weekend, did not want to go in weekend uncovered, I would see a test of 1923 and break of that level heralding a slide to 1210 on SPH.. if that is taken out I will be looking at 1192 SPH and expect those levels to hold.. IQBAL LATIF on Feb 11 1999 10:27PM EST 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..

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