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Politics : Idea Of The Day
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To: Jerry Olson who wrote (24015)3/4/1999 9:17:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
1246 on SP99H remains an important hurdle, on downside 1220 is a important support, a break below that will take us lower although we had this 3 minutes test of 1217 yesterday which was my level of support but the bounce was equally great, these lower levels were run to hit some stops.

I will be very careful if 815 on BKX is taken out that will lead to much broader SP99H selling. I am also looking at 372 as first resistance on SOX, I will like to trade this and DDX is an opportunity for me for a trade.

NDX looks like opening higher but it will not be until we have a close above 1936 that I will like to have more positive predictions of move that will take out 1262. RUT for me remains the most important advance indicator, if RUT moves all these issues of NHNL's and ADL will be addresssed, I would like RUT to bounce strongly from 392 to hit 402 in next few sessions if this market wants to go higher..
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