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

To: Jeff Jordan who wrote (29486)	10/28/1999 9:36:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Wednesday, Oct 27 1999 9:12AM ET Reply # of 29494 Once 2500 broke we had a good move down which was tradeable yeaterday, I thought `1282 to hold and that was the point where we had our stop after close on close.. <<Tuesday, Oct 26 1999 12:34PM ET Reply # of 29482 Resistance and lot of pessimism but market jitters are based on something else these movements in bonds don't overlook them , for me 1330 is the major resitance and 792 A BIG SUPPORT ON bkx, likewise SOX 502 DOT 698 and PSE 615 now are imnportant levels like NDX 2500 if we have two closes above that.... so on one hand we have resistance every where on the other we have potential to break it is also on the anvil.. if DOW flies from here as I suspect on back of new additions as dead wood goes out that may become quite bullish. However, I will like ECI to be in line and GDP number to be subdued that will set us up for good move. In absence we think that 1241 is solid and we can trade it anytime if 2445 is taken out on NDX.. we can see some steep selling to 1282 and than 1241 if we do not hold but the key would be 2445 NDX and 502 sox and PSE 615... or DOT 698>> <<My yesterday support levels are good but 1295 will be the area to watch if we bounce from here if we take it out 1300.7 will provide solid resistance but it is possible that in wake of todays continously good numbers rather neutral numbers on economics we may see some short covering... the real action will be tomorrow but orders are going down we may see meeting expectations not exceeding them..\>> I think my bias was good and we played this whole move very nicely... I still think that 1328 1332 area is a resistance and the target is 1352 major resistance, however this move is going to be explosive we may see dips but ocassion to long today.. stocks to enter MU..