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

To: IQBAL LATIF who wrote (28433)	8/26/1999 9:17:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

My strategy today is to get out of my short puts of SOX and BKX.. and try to buy some more SPU options for 1350's if 1372 is taken out. I will watch for NDX breaks 2426...or DOT breaks 578..SOX 516...PSE BKX SOX DOT are key indexes to watch.. I will be careful if any of these signals give me early warning. I will like to add AOL if it stays above 102 on my long list of calls.. I will like this AOL close to be above 102. If SPU breaks towards the end 1382 and close above that we will have confimation of a breakkout, going back to the charts that would mean a big move to 1430 with interim resistance at 1400.. 600 on DOT 530 on SOX and BKX 558 area remains important hurdles a failure on the indexes will take us down to 1355 area within two sessions.. a very important day..and one needs to be careful not to get whipsawed in the market.. P.S.. after GDP number... revised slower GDP growth is positive for the market...the chances that market may test 1400 even if it tests lower 1370 area are good..