The art of calling the market....<<watch out for today's 2128 if we break this today, we go down.. Keep looking at NDX if it fails here we may go and test 2050 on NDX so we have
a trade hereReaching a new
high is one thing, closing above it twice is another thing, the hedge funds will like to
take their profits at new highs and try to test supports after testing the new highs>>
IQBAL LATIF on Mar 31 1999 10:12AM EST--The magic continues as Ike returns and celeberate a big call on this thread... First the reasons to stay long...if RUT breaks 402 and we close above 2158 on NDX..
<< I was visiting my home town in hinterland of Pakistan, I have just come back to
Islamabad and will be posting regularly. I promised composite on old high, we are
almost there, 2533 is the next resistance on composite and NDX old high is taken
out now at 2168, the old high is 2158, with RUT at 401 approaching 402 and have
a close above 402 twice, we will break 1330 on SPM. Lets have two closes above
NDX Composite old highs that is two closes above 2535 will be extremely bullish..>>
Since tht did not happen, immediately the second part comes into play..
<<Keep looking at NDX if it fails here we may go and test 2050 on NDX so we have
a trade here, but if we close up here on a new high just continue your longs, so
watch out for today's 2128 if we break this today, we go down.. Reaching a new
high is one thing, closing above it twice is another thing, the hedge funds will like to
take their profits at new highs and try to test supports after testing the new highs, the
longs like me will try to make money on the short side, so watch out for RUT 401
and BKX 855 and NDX 2128, if we break all these supports we may go lower..
So this is the trade today.. >> |
