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

To: ynot who wrote (28284)	8/18/1999 5:17:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

SPU 1342 has been a resistance and 1356 the 50 days average the objective today initially the BKX was not helping the futures as it was down and later with profit taking in DOT brought NDX down and comp so SPU sold off to 1336..the range is still within the same parameters.. however they can test the lower limits if 1333 is out.. the market takes path of least resistance it has tried to go up but unless 1333 is out I will still think that we will hit that 62 wall.. before 24th ... as I have highlighted to Lee may be we see some lower test of supports but tight range and nimble approach will be maintained by me.. unless if DOT does something foolish here and takes out 540 or SOX 488 on closing basis is violated..or BKX or Bonds start giving some different signals..my limits of movements are very tight and I try to play within them, my visibility on long side is right now good however until these 1362 area is tested and we retrace and go back up we are in a locked range.. I see a perfect possibility to break 1333 after two days of failure on top that was one reason I gave up on my long calls of 1360 sept got out of them around 21 .. paid 19.. but this should have performed a little better I was thinking but anyway new day new strategy .. the noise is over lets get down to new dawn and see what lays for us in the future. it is all about the next day.. as I keep repeating market opens every day just keep your cash EVERYTHING ELSE FALLS IN PLACE..