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

To: SE who wrote (30066)	12/13/1999 10:51:00 AM
From: IQBAL LATIF	Respond to of 50167

In present circumstances I would assume a double close is in order, we had one close that was fake. Long positions at these levels can only be initiated when one is little more than sure, however I am looking at DOW too if bond starts rallying we can see DOW firming up a break out in DOW will lead to 1800 plus close on brkb and that may signal some strength in the underperforming sectors.. NDX 3200 is also a nice resistance to break.. at the end of the day these single day and double closes are only cofirmatory elements and we at the end of the day need to pull the trigger when we have good anticipation of the move, these small things help and avoid whipsaws or fake breakout entries..The problem as you know perfectly well is that advance decline line can only improve if other sectors get going and we would have this confirmation if alongside SPH we have DOW also closing at new high..