Idea Of The Day Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Neil H who wrote (23504)	2/16/1999 3:26:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

I would like to trade SPH long above 1980 on NDX, if I see some stability above that level, staying above 1980 for an hour or so, associated SOX breaking 396 and BKX taking out 788. In presence of these indicators we may see a run up to 1255 area we may see even 1257 form where it can retreat, a break of 1258 will lead us to 1262 resistance, a close above 1255 will be construed positive whereas a close below 1228 would indicate a test of 1210 in coming days.. I will for a early indicator of a break sign look at 1939 support on NDX if that happens I will like to be long 1210's puts.. A break of 1923 will lead us to 1210 on SPH and even lower to 1292.. DOT if it breaks 500 on the upside will give a long term positive signal a break of 450 will take us to 411 area, where I think we may test 390.. on DOT.. I see 390 as reversal point on DOT.. On JPN we had nice basing and 13800 held very well,now we have sen a close above 50 days MA and one thing is the narrowing of 200 days and 50 days MA. It is first time since Jan that htis very minute convergence in MA's can be recorded. The yields of JGB are also now retracing that may impact TYX also. We have one close above 14200 and we continue to see 14200 as support our next target would be 14700 -800 resistance.. I think Japanese banking sector is responding very well to news of public funds being made available to write off huge bad debt portion.. In a listless market directions I would like to make one point and that is the DAX and CAC 40 movements, I see CAC holding very well the support of 50 days MA and DAX just below 50 days is trying to take this overhead resitance a few closes above 5000 on DAX will lead to good moves in Europe and shall be a good indicator for global markets.. FTSE pared the selling well yesterday and closed up.. So over all we are not having the kind of global market pressures, where we use to see SPH opening limit down. it has to be US economic data which will soon assume major importance, it will come into fore and deserve all the importance that has been so far denied to it due to fear based and rumor based importance of ASEAN contagion or deflation threats.. \|

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next