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

To: IQBAL LATIF who wrote (30335)	1/4/2000 8:51:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Street watch-- <<THE LEIBOVIT LINE ........ It was the same old story yesterday: higher interest rates and a strong Nasdaq. This time, however, the blue chips underwent a quick correction 'painting the tape' bearishly. Overall, I wasn't too surprised to see weakness yesterday, especially since the majority of investors were bullish. I believe last weeks AAII readings showed bulls in the 60% zone and bears near 20%. That's an awfully good sign a top could be at hand. Last week's technical readings left a lot to be desired, despite the run-up. Meanwhile, a one day sell-off does not a bear market make! The resiliency in the Nasdaq and the recovery in the S&P were impressive, but my hunch is that more selling lies ahead. Positive volume in names such as: GO, LDP, CHINA, CORL, ELNK, ADAP, CICI, SFE, IOM, ECHO and others are attracting my interest, particularly on a pullback.>> Dr John Feissel... <<Sharp jump in yield off the purchasing report sets up a reversal look in a win for the conventional wisdom of gravity and profit taking. Add Euro markets early hit today will add more to the ugly picture developing of the S&P futures below 1460. Now it's a "show me" as to the continuation of the bonanza days of the 1900's. Let's watch the volatility of the Internet crazies as a real break here will firm up a pull-back scenario in tandem with the pause in the seasonal strength period. Wear protection. Like on the long side today - T, ENON, NETO, AGT.>>

To: IQBAL LATIF who wrote (30335)	1/4/2000 8:55:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

On a day like this a little joke.. <<WALL STREET JOURNAL HEARD ON THE STREET ' Shorts were lucky to leave 1999 with shirts.'>> Momentum sellers in the play, the people who left with shirts would like trousers back in 2000..gg the first punch from the shorts in the new millinneum hard and big..gg Lets see, very interesting play and nice range too..perfect for index players..

To: IQBAL LATIF who wrote (30335)	1/4/2000 10:17:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<< I am seeing the futures down solidly and NDX hit by more than 80 points, we are approaching 1442 support. Selling in Europe is non-specific late yesterday lot of long positions were booked and they need to rattle these new entrants, for me if we see 1439-43 area and we hold it I will be looking at the opposite trade, I would assume that NDX 3670 will hold making today first hour a higher low on NDX, my trade today is tp play 1442 support, I would give and take 5 points from this support and will closely watch NDX and Comp if NDX 3660 is taken out I will wait for dust to settle before I go for that opposite trade...Tuesday, Jan 4, 2000 8:45 AM ET Reply # of 30338 >> I am looking at NDX test of 3666 as I predicted above the level poted was 3670, this is the first wave and if we stay at these levels we need to pick up some puts if Ndx again breaches 3685.. now that we have printed 1446 on sph we will like to see 1442 area..