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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (23589)	2/18/1999 9:03:00 AM
From: Jerry Olson	Read Replies (2) of 50167

Morning IKE here's my P&F read for some indexs... SOX....has hit 400 resistance 3 times and bounced off..just as 375 is hard support...380 was a sell signal yesterday, and right now we are at pivotal juncture...405 would break a Quadruple top buy signal, and 370 breaks a triple bottom sell signal... my guess is we will break the bottom, not the top... BKX....815 looks like resistance 820 would be a buy signal and a significant number for a higher move...770 is a sell signal heading to 755.... SPX...sell signal at 1225 yesterday, hard resisitance at 1250, if we print 1255 that would be a buy signal but i doubt it will happen..we have good support at 1210, but at 1205 we break a spead triple bottom heading to 1190SPX... i'm still going to sell all rallies for now...there are 2 early inidcators on P&F that are very oversold...they both could reverse up for a short term runnup in themarkets..but the Large indicator is only at 41.90% heading down...another 12% would take it to oversold at 30% on the chart..i think we'll see that number on the NYSEBP Indicator.. very interesting Bull/Bear tug of WAR.......:>}

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