To: Logain Ablar who wrote (29424 ) 10/22/1999 3:28:00 AM From: IQBAL LATIF Respond to
I tend to agree with you, like SPZ we never have this one spike down kind of selling, always such severity it followed by a basing action a double or triple bottom, I would think that may be we see a dead cat bounce after closing the gap from where IBM took off, but we need four months to get it going above 118 until otherwise we get some 'change' in the fundamental picture,,..the selling in CSCO's IBM's TXN EMC's is what makes market next move look suspect, however if PSE holds above 600 level and BKX DRG DOT SOX take some burden off the market we can see that rotation may help the marekt to stay afloat above 1230 area, however until 1303 is taken out for two closing days any move up is nice short term play and that is how I am playing it..
