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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (25275)	4/13/1999 2:26:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

On RUT BKX DOT indicators I used to forecast that the break down is false... Two very interesting formations.. Look at them very carefully, and notice the new buys.. I have been highlighting these stocks from lows of 55 and have been strong proponent of BKX recovery.. clearstation.com Notice the new basing period in the following chart and see the post July 98 decline, notive the breakout above 910-920 area, with three interest cuts and improved visibility of global loans we may be far better off..going long this trend, this is my fourth reiteration of long for BKX since 838 low.. quote.yahoo.com^BKX&d=1ym Cut the long on a double close below 898.. DOT.X breal of 770 will take us to as low as 725 in first step.. a break above 800 will lead to 890.. A close above 910 will be bullish and a close below 875 a sign of overextension... quote.yahoo.com^DOT&d=5d The above DOT.X is short term prognosis for intraday trading.. quote.yahoo.com^DOT&d=5d Look at this RUT formation- very confluence of 50 days and 200 days MA, a move of 20 days above 50 days in offing, if this is not niped in the bud I see much better times ahead for small stocks, I propose a index trade here like I have said many times before 370 short for July and 430 long... Cut below 388..

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