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To: IQBAL LATIF who wrote (27175)	6/24/1999 11:51:00 AM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

from IQBAL LATIF on Jun 24 1999 3:28AM EST --- 1330 support..For me NDX support at 2206 is important to hold, if we take this out I will be cautiously play on the short side.. I will not like to see a close of DOW below 10470, a single day closong break of 572 on DOT or 295 on IIX will lead me to sell my trading positions. I will laso focus on BKX carefully it is sitting at support, on SPU my ressitance remains 1362-64 area and next one at 1372, if we take out 1330 we go hard to 1292, on the other hand a break of 2255 on NDX and 600 on DOT will lead us higher on Comp as well as SPU.. DOW index needs to be watched it has regained some importance as a barometer and I would be watching for that close or break of 10470 area, that would be a signal to 9800 support move if we have it on two closing basis. Overall in my opinion markets will remain volatile and we need to keep a close watch. I think if we break the old high on NDX and Comp we can have a potentially 1200 point move of DOW from here.. However for NDX to break we need IIX and DOT as well as INX to break the resistance on 312 600 and 500... Lets watch it carefully... The selling pressure on NDX and internets components at day before yesterday highs depicted a lot of sellers but if we have one single close above 600 or 312 we move up quite fast..

To: IQBAL LATIF who wrote (27175)	6/24/1999 12:11:00 PM
From: Sonki	Read Replies (1) \| Respond to of 50167

NDX filling the gap made on monday. Might want to follow QQQ instead. BLOCK TRADE - Nasdaq 100 Trust for internet which is better? dot or ii2? trin increasing

To: IQBAL LATIF who wrote (27175)	6/30/1999 4:33:00 AM
From: IQBAL LATIF	Respond to of 50167

Market is about supports resistances and interpretation of news, on 24th when bond was being sold I made this call on US treasury under pressure as a result of German Bund, I pointed out that global bonds cannot stay on course of 'selling' US and bund has to diverge due to macro economic divergent cycles and differing fundamentals, I made my deductions based on this read..reading market from news is an important part of my logic.. it is important that we keep course amidst crisis, define objectives and entry points, looking back to these posts alongwith several is a fun...and education for future.. <<Thursday, Jun 24 1999 2:57PM ET Reply # of 27308 DOT and IIX together-- like IIX 312 and DOT 600 if blasted will result into quick 625, so use them in tandem.. NDX 2206 has to hold on closing basis, we saw the test of Dow 10471 a LITTLE 9 points below my 10480 clsosing level alert.. we did bounce but if we break this SPU 1325 again only we will be through 131 otherwise today in my opinion was good test of supports, bond markets are under pressure as Euro weakness is resulting into Japanese selling bund, I highlighted this point last week, it is lot to do with macro structural problems of Europe and not the global bonds so US treasury are being wrongly hit and in my opinion it can overextend to 112,20 max but the bounce will equally strong, pressures on German bunds will result into US assets appreciation, if SOX goes higher above 465 I will get back into TXN which I sold yesterday...I will wait 292 and 572 on DOT.. RUT 2000 is strong, overall just don't get too much worried with so many different news we are on the right track if we test 1292 until 29th and rally off the support as marekts know that bund and US treasury should move in diverging pattern.. US bonds should strengthen whereas Bund should weaken..as bonds will be bid we will see marekt recover so go long below 6.10 break on yield.. >>