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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (26331)5/18/1999 11:34:00 AM
From: Arik T.G.  Read Replies (1) of 50167
 
Iqbal,

Thanks for a very informative post.
As I understand, nobody really expects a rate hike today, but a change in bias is quite possible, and some even look for it.
A rate change will be a huge surprise, and I gather that your post is not refering to it, but to the possibility of change in bias.

I agree with your 1318 key support.
I have two trend lines at 1313.5 and 1319 (cash). the former from the 10/28 and 3/3 lows, and the latter from the 3/23 and 4/19 lows.
1295 cash is the next support (trend line from the 12/14 and 3/3 lows).

ATG
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