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

To: IQBAL LATIF who wrote (28536)	9/2/1999 5:21:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Nothing satisfies me at the end of the day more than to see 1321 on SPU when in the morning at 1307 I had this to write..whatever nosie the bears made and called for disaster today we got our levels and got them based on straight logic that is if SOX DOT and BKX is not breaking 525 555 and 775 we will see SPU up, that exactly what we saw and hopefully it was a good day to long on dip.. <<Thursday, Sep 2 1999 10:16AM ET Reply # of 28548 Third interest rate hike rumors have hit the market on the opening coupled with tomorrows unemployment number today will be a very hectic day.. will try to go for a long trade above 1321 if 518 and 550 on SX and DOT holds well. I will short SPU if these supports on SOX and DOT are out cover them at 2335 area and expect that hold if NDX 2330 break we will see a lot more selling and that will take SOX DOT much lower too at the moment I am keenly watching NDX 2360 area and other key indexes for weakness.. a very weak opening I expect some little bounce but may be a close above 1322 if we hold well in next 30 minutes.. some damage recovery may be in the wings..>> from IQBAL LATIF on Sep 2 1999 10:30AM EST <<SOX DOT PSE are holding so far, they need to break if SPU has to stay the low it had made just three days ago, if we see no break we will see SPU climbing back up slowly a sharp lower opening the point is BKX is at support of 775 the old low made two weeks back and DOT and SOX are also at supports see no reason for that they have to go thru these supports. if SPU IS TOO BREAK BELOW 1307 AREA>>