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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27140)	6/22/1999 9:29:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I would like today to concentrate on BKX index too, a good indicator of market direction as we move forward.. finance.yahoo.com^BKX&d=3mm The 881 area is a resistance area, we need to break this 50 days MA cap and move forward and close above 902.. lot to do before we have this move up....881 is sitting just below this resistance, so we have this DOT just below 600 and IIX just below 312 and BKX ready to tkae out 888 area to take a climb on to 902 resistance, now if we have all these moves we will get our old high on Comp otehrwise below 875 on BKX and 462 on SOX or 298 on iIX we will fail at this attempt and until the next FOMC we may see good opportunities to make money due to higher volatility.. Regards.. Ike

To: IQBAL LATIF who wrote (27140)	6/22/1999 11:37:00 AM
From: IQBAL LATIF	Respond to of 50167

FWIW-----The Wall Street Detective's Market Sentiment Central Submitted by: Joe Duarte The Wall Street Detective June 22, 1999 For a FREE Technical Snapshot The S&P 500 closed at its high for the day, exhibiting better than expected momentum. This happened on the same day that the Value Line Composite Index made a new all time high, and the technology indexes also broke out to a new high. A rise above 1350 should take the index to 1375, and eventually our target of 1475. Our bullish stance on technology has begun to pay off. Not only have the Amex Computer Index (AMEX:XCI), the Philadelphia Semiconductor Index (PHLX:SOX), and the NASDAQ Composite (NASD) reached or are near new highs, but individual stocks that were lagging the market like Intel (NNM:INTC), and the internet sector revived. This is quite bullish. But no sub sector of technology other than the semiconductors has outperformed the cell phone makers over the last week. Two out three of yesterday's Technical Gems, Lucent and AT&T were winners, while SBC Communications (NYSE:SBC) lagged the market on 6/21. Lucent Technologies is once again regaining the technology spotlight along with Texas Instruments (NYSE:TXN), although TI is a bit overextended. Not so the case with Ericsson (NNM:ERICY), whose big run seems to be just beginning. At the current pace, ERICY's target price is in the low 40's. Finally, we note it's decision time for the brokerage stocks. Bellwether Merrill Lynch finds itself at its 50 day moving average. A break above this level would be bullish, not just for the brokerage sector, but for the market overall, since a rallying MER would lend credence to the current rally, which continues to need less and less validation as time passes. --------------------------------------------------------------------------------