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To: IQBAL LATIF who wrote (28976)	9/24/1999 7:22:00 AM
From: Scoobah	Respond to of 50167

DCHT= a no brainer at 50 cents, the 2 year trading range low.

To: IQBAL LATIF who wrote (28976)	9/24/1999 8:53:00 AM
From: IQBAL LATIF	Respond to of 50167

Two things are most important for a 'good' trader, one is false breaks up and the other is false break down, now if you look at it we had quite a number of days since DOW has been selling, on Wednesday, we had this false break up on DOT and even SOX, I wrote about this second close on DOT above 650 for validation of the break.. now similarly break below a new low of SPX since last few months would also need a confirmatory double close, now we need to look at them markets objectively and trade accordingly, if 50 days mA reamins unbroken and we have second close on DOW we may still have a weak SPX or SPZ without confirmation from Comp and NDX, for these two sectors to break we need some real selling in internets and that is one should look at closely that will be sign of major realignment, now look at currencies, we have this Yen weakening against $ as marekts in Japan sold off, so is Euro losing ground against the $ a good sign for the easing of flight to quality..all this needs to trickle down to numbers of trading levels,, I will like to note all that..