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Politics : Idea Of The Day

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To: Neil H who wrote (25440)	4/19/1999 10:26:00 AM
From: IQBAL LATIF	Read Replies (4) of 50167

1136 is a critical resistance, if we take this out and break 1342 we go higher, although the locals were getting out at 1336, C has amazed the street I think BKX stocks form a major portion of SPM and we may see 1336 taken out, for me I am watching 915 on BKX as a major support of the market, if that gives way we go lower. I think RUT and BKX will give us direction to move up, I am naturally inclined that we may move higher, DOT is going to test 630 -640 area right now it is their but I think it may hold this support I will try to get out of my naked calls sold on DOT the 850's May and will get in again lower strike if 624 is taken out.. Above 654 we may see DOT coming back up to 680 area..

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