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Politics : Idea Of The Day
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To: The Perfect Hedge who wrote (26863)6/5/1999 12:09:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Momentum is missing, DOT is the momentum indicator of the market, if we conquer 2505 we will only do it if 575 on DOT is out, until these stocks come back in currency the double digit gains of everyday will be a nice reminder of recent past. SOX and PSE has all the ability to take the leadership. Still 564 remains the first target like SOX second close above 402 remains the important support. On NDX 2055 becomes a soid support and 1330 if two closes above that number on SPM becomes a legitimate support otherwise 1318 and 1305 are the supports. BKX is the indicator to watch if this makret has to move with DOT this isthe indicator with most potential gains, however if DOT fails at 564 and BKX at 820 we go lower and much lower on NDX and Comp even if the rally takes one or two days.. These two got to move for Comp above 2505 that is the key..
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