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

To: Jerry Olson who wrote (29750)	11/16/1999 5:35:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

OJ... The morning call prevailed.... <<Monday, Nov 15 1999 5:35PM ET Reply # of 29750 OJ/// I have a feeling that if Fed rises it would be good, if Fed does not act that would lead to your NDX set back, inaction will lead the market to definitely think that Fed watch continues, this will weigh on the market ensuing (in case of inaction if any- I would think that hike will lead to set back and a rally and inaction a rally and a set back) rally may give me some points to buy some puts.. like 1407 area to go long on 1350 Dec...>> WE opened strong post increase we saw some test of 1407 and than took out 1427 old high to close at new high on SPZ, DOW took out that resistance band of 10850.. in my opinion we are going to move higher if we close above 1427 one more session a double close will indicate a break out.... most interestignly it is a broad market move and very deep.. but if we fail at 1427 we will see some sharp selling.. I will be interested to see what happens after sleeping it over for a night.. no doubt that if we break out on SPZ it will be very sharp move up ..