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To: Susan Saline who wrote (30091)12/15/1999 11:00:00 AM
From: IQBAL LATIF  Read Replies (4) | Respond to of 50167
 
If this 1398 is going to hold on SPX we will see a rebound but I will not initate buying on very speuclative basis UNTIL 1408 ON spx IS TAKEN OUT OR 2272 ON ndx.. BETTER LATE than early in this rebound.. I will keep a stop at 2265 if we seeing a close below that we will test little lower something as I have reiterated 1398 on sp00h. That tranalates to 1380's on cash, thios cash support is strong and very important we have cracked it but to see it go we need that 45 minute test.. this is an important area a crack below it takes us lower undoubtedly..

Look at this chart on comp we take out 3500 and we have only air in between 3500 and 3440.. we will certainly see lot lower and that is what 1400 breaks clearly indicates..
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