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

To: TWICK who wrote (30044)	12/11/1999 5:23:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

SPX is cash... SPH is future... SPZ 1400 support translate to 1418 on SP99H.... if we had broken through 1400 on SP99H and brka and brkb with bkx would not haverallied from the lows that was a bad signal for the market. Now 1428 resistance on SPZ is now 1446 level on SP99H give and take few points, a break above that with a bounce from lows on Brka and brkb and we closed above the previous day high will lead us to new round of a break out as SPH and DOW alongwith NDX will be all participants of this new rally... I hope you get it.. if futures are unable to break the range and are tied up within a range we cannot expect to see a breakout on NDX to continue and if proxy of the vlauation stocks sticks to new lows than market rally will finally fail.. instead of relying on NHNL phenomenon that is very fragile I depend on key indexes and try to relate on if this than what anlytical approach..Please ask mopre if above is not clear.