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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (26714)6/1/1999 1:40:00 PM
From: J.T.  Read Replies (1) of 50167
 
Ike, for me, I am keeping RUT 432 real tight like SOX 383. PSE has wiggle room down to 515 and this will be last to fall if market continues break. BKX holds 820 smartly as any banging through 819 last support will lead to 800 test. Utilities now taking a hit. Bond interday yields 5.948%. Must close below 5.92% yield. Who would have thought possible only two weeks ago back down to 5.72% area from 5.92%. Today's closing prices will tell it all. Bonds are becoming much more attractive here and will be scrreaming buy at 6.05% yield, imho. Granted we have this "two day close rule" with indices support/resistance. For trader like you this is good, but for average investor not so nimble, ... baaa baaa. J,T.
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