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

To: IQBAL LATIF who wrote (29064)	9/30/1999 8:58:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

In my opinion we will see this 1292 area as a strong resistance today, we have now three in a row 1300 and 1310, I would think that NDX 2455 cross will take us out of this range on SPZ, until such time we can play the volatility on the SPZ, if DOT remains below 650 I think we can test 2400 support again, on the open going long will not be advisable I would think that it has to be at 1294 break otherwise we can move up to 1292 and retreat to 1282 area.. I would keep looking at PSE SOX and DOT the leading indicators and would assume strong closes above 640 530 and 650 will indicate a new move to 1310 area otherwise we would be caught up in htis range until dust settles on interest rate front.. Time to short below 2390 on NDX for a test of 1267 area... or I wouold assume 1272...expecting a higher low in case we break 2390..